Overview
Focuses on key issues facing policymakers in EU member states
Examines the whole set of theoretical issues connected with monetary unions and common currencies as well as practical policy challenges facing the EMU candidates
The first book that discusses key problems of EMU functioning after its enlargement in a comprehensive way
The volume presents 12 papers that are highly readably and edited for consistency
Includes supplementary material: sn.pub/extras
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Table of contents (12 chapters)
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Front Matter
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Back Matter
Keywords
About this book
The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with the Eurozone, decreases the probability of asymmetric shocks. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool. The Eastern Enlargement of the Eurozone provides comprehensive economic analysis of theoretical, empirical and political issues that will determine whether EMU enlargement is a success, which has implications for all common currency systems.
Editors and Affiliations
About the editors
Marek Dabrowski is Professor of Economics, Chairman of the CASE Foundation Council, Chairman of the Supervisory Board of CASE-Ukraine in Kiev, former First Deputy Minister of Finance of Poland (1989-1990) and former Member of the Monetary Policy Council of the National Bank of Poland (1998-2004). In the last decade he has been involved in policy advice and policy research in Belarus, Bosnia and Herzegovina, Bulgaria, Georgia, Iraq, Kazakhstan, Kyrgyzstan, Macedonia, Moldova, Mongolia, Romania, Russia, Serbia, Ukraine and Uzbekistan and in a number of international research projects related to monetary and fiscal policies, currency crises, EU and EMU enlargement, and the political economy of transition.
Jacek Rostowski is Professor of Economics at the Central European University, Budapest, Adviser to the CEO of Bank Pekao, Warsaw, a Member of the CASE Foundation Council, Senior Fellow at CASE, and an Associate of the International Economics Program at the Royal Institute of International Affairs, London. During 1997-2001 he was Chairman of the Macroeconomic Policy Council at the Polish Ministry of Finance and during 2002-4 he was Adviser to the Governor of the National Bank of Poland. He has also advised on the transition from communism in Belarus, Latvia, Russia, Serbia and Ukraine. He has published widely on monetary and financial systems and on the macroeconomics of transition.
Bibliographic Information
Book Title: The Eastern Enlargement of the Eurozone
Editors: Marek Dabrowski, Jacek Rostowski
DOI: https://doi.org/10.1007/b136026
Publisher: Springer New York, NY
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: Springer-Verlag US 2006
Hardcover ISBN: 978-0-387-25764-8Published: 11 January 2006
Softcover ISBN: 978-1-4419-3834-3Published: 29 October 2010
eBook ISBN: 978-0-387-25766-2Published: 01 July 2006
Edition Number: 1
Number of Pages: XVI, 232
Topics: European Integration, Economics, general, Macroeconomics/Monetary Economics//Financial Economics, International Economics