Adopting the Euro in Central Europe : challenges of the next step in European integration
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Bibliographic Information
Adopting the Euro in Central Europe : challenges of the next step in European integration
(Occasional paper / International Monetary Fund, no. 234)
International Monetary Fund, 2005
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
332.042-130-234081200500017
Note
Includes bibliographical references (p. 126-133)
Description and Table of Contents
Description
Upon entry into the European Union (EU), countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency. This paper examines likely economic developments and policy challenges for the five former transition countries in central Europe (the Czech Republic, Hungary, Poland, the Slovak Republic and Slovenia) which joined the EU in May 2004. These economies operate independent monetary policies but have not yet achieved policy convergence with the rest of the euro area.
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