Author (Person) | Schadler, Susan |
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Series Title | Finance and Development |
Series Details | Vol.41, No.2, June 2004 |
Publication Date | June 2004 |
ISSN | 0145-1707 |
Content Type | Journal | Series | Blog |
One of a series of articles in this issue of Finance and Development under the theme 'Europe's conundrum', which focus on the economic challenges facing the European Union following the accession of 10 new members on May 1, 2004. Unlike the original members of the European Union, the 10 new members are obligated to adopt the euro although they can choose when to do so. The author says the new members stand to benefit from joining the euro area over the long term but must meet rigorous policy requirements, including fiscal adjustment criteria, low inflation, and greater wage and price flexibility. |
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Source Link | Link to Main Source http://www.imf.org/external/pubs/ft/fandd/2004/06/pdf/schadler.pdf |
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Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |