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Adopting the Euro in Central Europe: Challenges Ofthe Next Step in European Integration (Occasional Paper (Intl Monetary Fund))
by
Binding: Paperback, illustrated edition edition, 135 pages
Publisher: International Monetary Fund
List Price: USD $25.00
Weight: 115
Dimension: H: 0.75 x L: 10.87 x W: 0.57 inches
ISBN 10: 1589063503
ISBN 13: 9781589063501
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Book 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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