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The Euro Changeover in the New Member States - A Preview

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This study discusses issues that can be expected to arise in the context of preparations for the euro changeover in the new Member States. In doing so, it draws on the experiences of those 12 countries that have already introduced the single European currency, with a specific focus on the case of Austria. This experience can be a useful signpost for new Member States, even though their starting conditions differ because the euro already exists and most of the countries in question are on a catching-up route. The paper makes reference to the two main dimensions of the process, namely the noncash and cash changeover. The study stresses the crucial importance of timely preparations and well-devised information for ensuring a smooth changeover. In conclusion, the paper expresses confidence that the new Member States will manage the changeover process successfully when the time has come.

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  • Thomas Gruber & Doris Ritzberger-Grünwald, 2005. "The Euro Changeover in the New Member States - A Preview," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 52-75.
    • Handle: RePEc:onb:oenbfi:y:2005:i:1:b:1
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    1. Sandra Dvorsky, 2004. "Central Bank Independence in Southeastern Europe with a View to Future EU Accession," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 50-75.
    2. Juan C. Duque & Raul Ramos & Jordi Suriñach, 2005. "What Have We Learned from the Changeover to the Euro?: Lessons for Accession Countries from Catalonian Firms," Eastern European Economics, Taylor & Francis Journals, vol. 43(1), pages 34-58, January.
    3. Christian Just, 2004. "The International Financial Architecture: Official Proposals on Crisis Resolution," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 73-89.
    4. Balázs Égert & Doris Ritzberger-Grünwald & Maria Antoinette Silgoner, 2004. "Inflation Differentials in Europe: Past Experience and Future Prospects," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 47-72.
    5. Helmut Stix, 2004. "Foreign Currency Demand since 2002 - Evidence from Five Central and Eastern European Countries," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 5(04), pages 19-24, December.
    6. Manfred Fluch & Fabio Rumler, 2005. "Price Developments in Austria after EU Accession and in Monetary Union," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 69-89.
    7. Helmut Stix, 2002. "The Euro in Central and Eastern Europe (CEE countries) : survey evidence from five countries," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 3(03), pages 33-38, April.
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