Series: IMF Working Papers
Author(s): Louis Kuijs , and Alain Borghijs
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2004
Keywords: Czech Republic, Exchange rates, Foreign exchange, Hungary, Poland, Slovak Republic, Slovenia, structural VAR, accession, CECs
Central European accession countries (CECs) are currently considering when to adopt the euro. From the perspective of macroeconomic stabilization, the cost or benefit of giving up a flexible exchange rate depends o...