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The Euro – When and how: three perspectives


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  • Katerina Smidkova

    (Czech National Bank)


In view of the institutional and economic magnitude of Eurozone enlargement, the effects on EU member states – old members as well as new – may in no way be taken lightly. It is, therefore, important to repeatedly confront the issue: “When and how to introduce the euro”. In essence, there are two scenarios for the timing of Eurozone enlargement: “rapid and extensive” or “gradual and slower”. The article presents three different perspectives for looking at both problems: the perspective of accession economies, the European perspective, and the standpoint of researchers who tried to contribute the results of their empirical studies to the overall discussion.

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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 0403005.

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Length: 10 pages
Date of creation: 03 Mar 2004
Date of revision:
Handle: RePEc:wpa:wuwpma:0403005

Note: Type of Document - ; pages: 10. The English version of the paper published in Proceedings from the Series of economic seminars (2003) Czech Economic Society, Prague [in Czech].
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Keywords: Enlargement Euro area Accession countries Monetary policy;

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  1. Katerina Smidkova & Ray Barrell & Dawn Holland, 2002. "Estimates of Fundamental Real Exchange Rates for the Five EU Pre-Accession Countries," Working Papers 2002/03, Czech National Bank, Research Department.
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