Acceding Countries: The Road to the Euro
AbstractThis chapter discusses the challenge to macroeconomic stabilisation in the ten new members of the EU during the convergence process posed by liberalised capital markets.The focus is on financial and currency fragility created by dangerously high volatility of capital flows and possible policies to reduce macroeconomic vulnerability to a crisis.
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Bibliographic InfoArticle provided by CESifo Group Munich in its journal EEAG Report on the European Economy.
Volume (Year): (2004)
Issue (Month): (October)
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