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The Euro – When and how: three perspectives


  • Katerina Smidkova

    (Czech National Bank)


In view of the institutional and economic magnitude of Eurozone enlargement, the effects on EU member states – old members as well as new – may in no way be taken lightly. It is, therefore, important to repeatedly confront the issue: “When and how to introduce the euro”. In essence, there are two scenarios for the timing of Eurozone enlargement: “rapid and extensive” or “gradual and slower”. The article presents three different perspectives for looking at both problems: the perspective of accession economies, the European perspective, and the standpoint of researchers who tried to contribute the results of their empirical studies to the overall discussion.

Suggested Citation

  • Katerina Smidkova, 2004. "The Euro – When and how: three perspectives," Macroeconomics 0403005, EconWPA.
  • Handle: RePEc:wpa:wuwpma:0403005
    Note: Type of Document - ; pages: 10. The English version of the paper published in Proceedings from the Series of economic seminars (2003) Czech Economic Society, Prague [in Czech].

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    References listed on IDEAS

    1. Kateřina Šmídková & Ray Barrell & Dawn Holland, 2003. "Estimates of fundamental real exchange rates for the five eu pre-accession countries," Prague Economic Papers, University of Economics, Prague, vol. 2003(4).
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    Enlargement Euro area Accession countries Monetary policy;

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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