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The main topic of the paper is optimal dynamics, i.e., timing of entry of the accession countries in the ERM 2 and EMU. Some of the crucial questions addressed in the paper are as follows: a) Should accession countries aim at an early or a delayed entry into the EMU? b) What are economic and...
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highly desired process, given that everything works out smoothly. The future eurozone will show a much higher degree of … enlargement of the eurozone depends on these institutions and, thus, increases the costs of failure. On the other hand, a … successfully introduced euro in the CEEC will facilitate the whole integration process. Accession to the eurozone requires a …
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Central and Eastern European (CEE) countries are expected to join the European monetary union (EMU) in a couple of years after their accession to the EU. According to the official views of the European Commission and the European central bank (ECB), monetary integration of CEE countries in the...
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