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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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    2. 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).
    3. 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 (IfW Kiel).
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    5. Tomasz Wołowiec & Janusz Soboń, 2011. "EU Integration and Harmonisation of Personal Income Taxation," Contemporary Economics, Vizja University, vol. 5(1), March.

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