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In view of the requirements of Stage 2 of European Monetary Union (EMU) for accession to the European Union, this paper examines the desirability for, and the ability of, the lead candidates in Central and Eastern Europe to participate in the new exchange rate mechanism (ERM2) and eventually in...
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accession process both in CEE and in the euro-zone. In order to provide topical advice, the first part, on markets, will …
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Since the beginning of the transition process from centrally planed to market economies, East European countries have experienced relatively high inflation and a market depreciation of their currency. Their monetary systems have gone through dramatic changes in the recent ten years, making the...
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-called pre-in countries, as a preparatory stage before their EMU membership), and only a few years later join the EMU and adopt …
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