This paper explores the conflict of real and monetary convergence during the EMU run-up of the future Central and …

The paper discusses the framework of ERM2 (the exchange rate mechanism of EMU, the Economic and Monetary Union) and its … of EMU). Second it reviews how ERM2 is conducive to future euro-zone membership of the accession countries. From the …

The enlargement of the European monetary union to include new EU Member States (NMs) will not lead to higher expected …

market economy. The enlargement was (and always is) the most significant and the most ambitious European project since the … to the twenty-five member countries, with accession of ten New Member States (NMS). The process of enlargement has … Union (EMU) and the process of integration are the major points of the Europe of twenty-seven member countries. The process …

necessarily imply a possible disruption of EMU. In the paper two exercises are presented for assessing the impact of enlargement …The increased heterogeneity of the European market after the prospective joining of the acceding countries to EMU could … imperil the latter’s stability. It is widely expected that following enlargement the optimality conditions of the eurozone …

This paper explores the conflict of real and monetary convergence during the EMU run-up of the future Central and …

The enlargement of the European monetary union to include new EU Member States (NMs) will not lead to higher expected …

in the Council of Ministers, restructuring the ECB's Governing Council, and the setting of enlargement “examination … democratic legitimacy in an EU 27. We believe, however, that the impact of enlargement on the ECB's Governing Council merits also …, we argue that undertaking these reforms before enlargement should be a priority, not a precondition. Specifically, the EU …