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The Euro Changeover in the New Member States - A Preview

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    Abstract

    This study discusses issues that can be expected to arise in the context of preparations for the euro changeover in the new Member States. In doing so, it draws on the experiences of those 12 countries that have already introduced the single European currency, with a specific focus on the case of Austria. This experience can be a useful signpost for new Member States, even though their starting conditions differ because the euro already exists and most of the countries in question are on a catching-up route. The paper makes reference to the two main dimensions of the process, namely the noncash and cash changeover. The study stresses the crucial importance of timely preparations and well-devised information for ensuring a smooth changeover. In conclusion, the paper expresses confidence that the new Member States will manage the changeover process successfully when the time has come.

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    Bibliographic Info

    Article provided by Oesterreichische Nationalbank (Austrian Central Bank) in its journal Focus on European Economic Integration.

    Volume (Year): (2005)
    Issue (Month): 1 ()
    Pages: 52-75

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    Handle: RePEc:onb:oenbfi:y:2005:i:1:b:2

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    Cited by:
    1. Giannellis, Nikolaos & Papadopoulos, Athanasios P., 2011. "What causes exchange rate volatility? Evidence from selected EMU members and candidates for EMU membership countries," Journal of International Money and Finance, Elsevier, vol. 30(1), pages 39-61, February.
    2. Coudert, V. & Pouvelle, C., 2008. "Is credit growth in central and eastern European countries excessive?," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 13, pages 63-102, Autumn.

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