Acceding Countries: The Road to the Euro

This chapter discusses the challenge to macroeconomic stabilisation in the ten new members of the EU during the convergence process posed by liberalised capital markets.The focus is on financial and currency fragility created by dangerously high volatility of capital flows and possible policies to reduce macroeconomic vulnerability to a crisis.

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Year of publication:	2004
Authors:	Calmfors, Lars ; Corsetti, Giancarlo ; Honkapohja, Seppo ; Kay, John ; Leibfritz, Willi ; Saint-Paul, Gilles ; Sinn, Hans-Werner ; Vives, Xavier
Published in:	EEAG Report on the European Economy. - CESifo. - 2004, 10, p. 119-136
Publisher:	CESifo

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005037258