Author (Person) | Schadler, Susan |
---|---|
Publisher | International Monetary Fund |
Series Title | Occasional Paper |
Series Details | No.234 |
Publication Date | 2005 |
ISBN | 1-58906-350-3 |
ISSN | 0251-6365 |
Content Type | Report |
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 (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request permission to do so). For most of these countries, adopting the euro will entail major economic change. 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--that joined the EU in May 2004 and operate independent monetary policies but have not yet achieved policy convergence with the rest of the euro area. Only an overview and policy conclusions is freely available via the website. |
|
Source Link | Link to Main Source http://www.imf.org/external/pubs/nft/op/234/op234.pdf |
Related Links |
|
Subject Categories | Economic and Financial Affairs |
Countries / Regions | Czechia, Hungary, Poland, Slovakia, Slovenia |