Bénassy-Quéré, Agnès; Lahrèche-Révil, Amina - In: Open Economies Review 11 (2000) 4, pp. 303-321
We study whether Central and Eastern European Countries (CEECs) have an incentive to use the euro as a monetary anchor. Adapting a cross-section estimation method initiated by Bayoumi and Eichengreen, we show that, compared to an optimum currency area standard, the CEECs have paid too much...