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The Monetary Union: The Decade Ahead. The Case of Non-Member States

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  • DANIEL DAIANU

    ()

  • LAURIAN LUNGU

Abstract

What are the prospects for New Member States to join the euro-zone in the not too distant future? They seem to be in a catch-22 situation Because of the current financial crisis some Maastricht criteria would be more difficult to fulfil in the short and medium term, which would make it hard for them to join the eurozone. But there is also an argument, which highlight benefits of a faster accession due to dynamic effects for the countries involved and for the eurozone as a whole.

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File URL: http://www.wdi.umich.edu/files/Publications/WorkingPapers/wp947.pdf
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Bibliographic Info

Paper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number wp947.

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Length: pages
Date of creation: 01 Jan 2009
Date of revision:
Handle: RePEc:wdi:papers:2009-947

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Keywords: finance; EU; Europe; eurozone; enlargement;

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  1. Balázs Égert & László Halpern & Ronald MacDonald, 2006. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues," Working Papers 106, Oesterreichische Nationalbank (Austrian Central Bank).
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Cited by:
  1. Václav Žďárek, 2009. "Challenges for the new EU member states on the road to the Eurozone," International Economics and Economic Policy, Springer, vol. 6(2), pages 157-177, July.

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