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The paper first considers why central European countries wish to join EMU soon. The main reasons are the risk of macroeconomic instability they face outside the euro zone if they wish to grow quickly. At the same time, Central Europe is highly integrated as regards trade with EMU, so it is...
Persistent link: https://www.econbiz.de/10008633024
Do Acceding Countries Need Higher Fiscal Deficits?
Persistent link: https://www.econbiz.de/10008633056
The fifth enlargement of the EU has now brought together twenty five countries, a massive success. But success has its … than the EU-6 ever was. Dilution is not a necessary consequence of enlargement, rather enlargement is bringing to the fore … between enlargement and deepening. After a broad review of the task allocation principles, it concludes that enlargement and …
Persistent link: https://www.econbiz.de/10008633095
The paper examines economic and political challenges of joining the euro area in the case of Poland. After reviewing the economic developments since the pre-accession period and assessing economic convergence with the euro area the paper focuses on the political and institutional challenges of...
Persistent link: https://www.econbiz.de/10010625521