DABROWSKI, Marek - CASE-Center for Social and Economic Research - 2005
economy arguments point to fast EMU accession of NMS. Looking at the 'classical' optimum currency area criteria, i.e. trade … shocks. After joining the EMU, the common currency should help NMS to develop additional intra-EMU trade links, further … challenge for the common currency in the medium to long run may come from widespread breaches of EU fiscal rules. So the …