This paper tries to assess how costly it would be for the CEECs to peg their exchange rates to the Euro. We use three types of criteria: institutional (the Maastricht criteria); some measure of real convergence; and the Optimal Currency Area criteria. The institutional criteria seem to be an...

This paper tries to assess whether it would be optimal for the CEECs to form a monetary union with either Germany or the EU. This cannot be done without discussing first the Maastricht criteria, which are the condition « sine qua non » for a country to be eligible. Yet, they are often...

This Paper reviews the pros and cons of an early EU enlargement towards Central and Eastern European Countries (CEECs hereafter). First, the Maastricht criteria, which cannot be literally assessed during the catching up process, but that nevertheless mirror the huge efforts undertaken in order...

[eng] Pegging the CEECs exchange rates to the euro can be assessed by using the criteria for entering the EMU (European Monetary Union). This approach is explicitly taking into account the process of enlargement started in June 1993 in Copenhagen, where a subset of CEECs was selected for...

Cette publication n'a pas de résumé

Cette publication n'a pas de résumé