IDEAS home Printed from https://ideas.repec.org/a/hom/homoec/v21y2004p597-619.html
   My bibliography  Save this article

On the Perils of Adopting the Euro in the New Accession Countries

Author

Listed:
  • Mariusz K. Krawczyk

    (Faculty of Economics, Fukuoka University, Fukuoka, Japan.)

Abstract

The politically and legally complicated character of the EU Eastern Enlargement heavily in?uenced the con?ict between the legal and economic rationality behind the construction of the EMR-II. This makes the ERM-II vulnerable to currency crises and creates conditions for a widespread currency and asset substitution in the accession countries. As a result, the participation in the ERM-II imposes unnecessary costs on the whole enlargement process. The costs could be avoided if the EU adopted a more ?exible approach to the enlargement of its monetary union, allowing for an individual path of adopting the euro in each accession country depending on its economic conditions.

Suggested Citation

  • Mariusz K. Krawczyk, 2004. "On the Perils of Adopting the Euro in the New Accession Countries," Homo Oeconomicus, Institute of SocioEconomics, vol. 21, pages 597-619.
    • Handle: RePEc:hom:homoec:v:21:y:2004:p:597-619
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hom:homoec:v:21:y:2004:p:597-619. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/sohamde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.