The transition to market-based economic systems in the countries of Central and Eastern Europe and the former Soviet Union involves fundamental shifts in the allocation of resources and deep changes in the structure of production and employment. This paper uses a simple model of economic...

This paper raises some specific issues concerning the choice of exchange rate regime in transition countries during the run-up to EU/EMU membership. It argues that there is no "one-size-fits-all" exchange rate regime that accession countries should uniformly adopt. It also argues that the...

Studies of EU conditionality assume one basic premise: that it exists and works because there is a power asymmetry which enables the Commission to impose the adoption of the acquis on the CEECs as a precondition of their entry to the Union. Thus this literature posits that there are clear causal...