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Central Europe on the Way to EMU

Author

Listed:
  • Daniel Gros

    (Centre for European Policy Studies, Brussels)

Abstract

Poland, Hungary and the Czech Republic (CEE-3) could now be only four years away from joining the euro. Moreover, these countries seem better placed than were some of the current euro area members (Spain, Greece, Italy, Portugal) at a comparable point in time leading up to their accession to EMU. But a smooth con-vergence cannot be taken for granted. Speculative attacks occurred in the early 1990s, when the process of convergence seemed to have been successfully completed. The CEE-3 share several characteris-tics of the economies hit by speculative attacks in 1992/95: a weak external position and uncertainty about fiscal policy.

Suggested Citation

  • Daniel Gros, 2002. "Central Europe on the Way to EMU," Rivista di Politica Economica, SIPI Spa, vol. 92(1), pages 89-108, January-F.
  • Handle: RePEc:rpo:ripoec:v:92:y:2002:i:1:p:89-108
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    Citations

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    Cited by:

    1. Dubravko Mihaljek, 2003. "Macroeconomic aspects of Croatia's accession to the European Union," Chapters in books, in: Katarina Ott (ed.), Croatian Accession to the European Union: Economic and Legal Challenges, volume 1, chapter 2, pages 25-65, Institute of Public Finance.

    More about this item

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements

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