With the accession of 10 new European Union member states in May 2004, much attention is being placed on the governance … discussion was an important achievement. On the other hand, the rather hectic timing of the reform?s adoption, with a deadline … prior to EU enlargement, has sent a mixed signal to the accession candidates, which have been excluded fro its designing. …

The paper is the first part of a broader empirical study that considers the entry timing of accession economies into … five accession economies. The first conclusion is that is not possible to search for one-for-all answers as to timing and … exchange-rate regimes. Each of the accession countries should decide in accordance with specific country characteristics …