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Uneven Integration: Economic and Monetary Union in Central and Eastern Europe

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  • RACHEL A. EPSTEIN
  • JULIET JOHNSON

Abstract

Although central and eastern European states widely adopted central bank independence in the 1990s, many later baulked at meeting the Maastricht criteria and adopting the euro. We employ two key variables – regime and institutional discontinuity at the domestic level and the credibility of international institutions' policies – to explain these different responses to the requirements of economic and monetary union.

Suggested Citation

  • Rachel A. Epstein & Juliet Johnson, 2010. "Uneven Integration: Economic and Monetary Union in Central and Eastern Europe," Journal of Common Market Studies, Wiley Blackwell, vol. 48(5), pages 1237-1260, November.
    • Handle: RePEc:bla:jcmkts:v:48:y:2010:i:5:p:1237-1260
    DOI: 10.1111/j.1468-5965.2010.02111.x
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    Cited by:

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    2. Hong- Jen Abraham Lin, 2013. "Trends for future integration of commercial banking between Taiwan and China after the ECFA," Chapters, in: Peter C.Y. Chow (ed.), Economic Integration Across the Taiwan Strait, chapter 4, pages 81-101, Edward Elgar Publishing.
    3. Dóra Piroska & Yuliya Gorelkina & Juliet Johnson, 2021. "Macroprudential Policy on an Uneven Playing Field: Supranational Regulation and Domestic Politics in the EU's Dependent Market Economies," Journal of Common Market Studies, Wiley Blackwell, vol. 59(3), pages 497-517, May.
    4. Grigaliuniene, Zana & Celov, Dmitrij & Hartwell, Christopher A., 2020. "The more the Merrier? The reaction of euro area stock markets to new members," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 66(C).
    5. Ademmer, Esther & Dreher, Ferdinand, 2014. "Institutional constraints to political budget cycles in the enlarged EU," Kiel Working Papers 1964, Kiel Institute for the World Economy.

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