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Euroisierung der mittel- und osteuropäischen EU-Beitrittskandidaten - ein alternativer Weg in die Währungsunion?

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The official view of the European Commission for the Central and Eastern European Countries on their way to the euro is: first join the EU, then converge to the Maastricht criteria, then join the ECB. However, some CEES still aim at fixing their currencies to the euro. Why does the ECB oppose so strongly a „euroization” of Central and Eastern European countries which are not members of European Monetary Union? What arguments can be made in favour of this strategy from the perspective of the affected CEECs? Is the unilateral „euroization” also an alternative exchange rate system for bigger CEECs? This article gives tentative answers to these current and pressing questions. Copyright Verein für Socialpolitik und Blackwell Publishers Ltd, 2003

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Paper provided by Department of Economics, University of Hohenheim, Germany in its series Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim with number 206/2002.

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Date of creation: 2002
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Handle: RePEc:hoh:hohdip:206

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  1. Claudia M. Buch & Jörg Döpke, 1999. "Real and Financial Integration in Europe � Evidence for the Accession States and for the Pre-Ins," Kiel Working Papers 917, Kiel Institute for the World Economy.
  2. Ansgar Belke & Daniel Gros, 2001. "Real Impacts of Intra-European Exchange Rate Variability: A Case for EMU?," Open Economies Review, Springer, Springer, vol. 12(3), pages 231-264, July.
  3. Fidrmuc, Jarko, 2001. "The Endogeneity of optimum currency area criteria, intraindustry trade and EMU enlargement," BOFIT Discussion Papers 8/2001, Bank of Finland, Institute for Economies in Transition.
  4. Boone, Laurence & Maurel, Mathilde, 1998. "Economic Convergence of the CEECs with the EU," CEPR Discussion Papers 2018, C.E.P.R. Discussion Papers.
  5. Daniel Gros, 2000. "One Euro from the Atlantic to the Urals? : the European Monetary Union," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, Ifo Institute for Economic Research at the University of Munich, vol. 1(2), pages 26-31, October.
  6. Hochreiter, Eduard, 2000. "Exchange rate regimes and capital mobility: issues and some lessons from central and eastern European applicant countries," The North American Journal of Economics and Finance, Elsevier, vol. 11(2), pages 155-171, December.
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Cited by:
  1. Ansgar Belke & Dirk Kruwinnus, 2003. "Erweiterung der EU und Reform des EZB-Rats: Rotation versus Delegation," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim, Department of Economics, University of Hohenheim, Germany 218/2003, Department of Economics, University of Hohenheim, Germany.

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