Should the Central and Eastern European Accession Countries Adopt the Euro before or after Accession?
AbstractI analyse the option of unilateral euroisation for Central and Eastern Europe. The thorny questions of losing seigniorage and losing the lender of last resort are explicitly addressed. It is found that the option of unilateral euroisation might be quite inviting for some countries. This is certainly the case if one takes into account the difficulties thrown up by the Maastricht-criteria. It is argued that unilateral euroisation provides an elegant way out of the catch of the official EMU-accession path. The EU has, however, expressed explicitly its enmity against euroisation. I think this is a policy error. It should be at least a genuine policy option for all countries concerned. At best the EU should stimulate euroisation by embedding it in a broader and more embracing framework that would support integration and ultimately accession to the EU of the whole of Central and Eastern Europe. Copyright 2002 by Kluwer Academic Publishers
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Springer in its journal Economics of Planning.
Volume (Year): 35 (2002)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://www.springerlink.com/link.asp?id=113294
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- M. Neyt & J. Albrecht & B. Clarysse & V. Cocquyt, 2003. "The Cost-Effectiveness of Herceptin® in a Standard Cost Model for Breast-Cancer Treatment in a Belgian University Hospital," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/180, Ghent University, Faculty of Economics and Business Administration.
- Bruno Merlevede & Joseph Plasmans & Bas van Aarle, 2003. "A Small Macroeconomic Model of the EU-Accession Countries," Open Economies Review, Springer, vol. 14(3), pages 221-250, July.
- Dominique Torre & Alain Raybaut, 2004. "Unions monétaires, caisses d'émission et dollarisation : les fondements analytiques des systèmes de change « ultra-fixes »," Revue d'Économie Financière, Programme National Persée, vol. 75(2), pages 37-54.
- D. Van den Poel, 2003.
"Predicting Mail-Order Repeat Buying. Which Variables Matter?,"
Review of Business and Economics,
Katholieke Universiteit Leuven, Faculteit Economie en Bedrijfswetenschappen, vol. 0(3), pages 371-404.
- D. Van Den Poel, 2003. "Predicting Mail-Order Repeat Buying: Which Variables Matter?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 03/191, Ghent University, Faculty of Economics and Business Administration.
- Dinu Marin & Marinas Marius & Socol Aura Gabriela, 2012. "Analysis For The Degree Of Euroization In Romania," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 290-297, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.