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Once part of the European Union no "opt-out" means, for CEE applicant countries, that they will have to become members of the Eurozone as soon as they fulfil the Maastricht criteria. However, compliance with the Stability and Growth Pact and aiming at nominal and real convergence imply efforts...
Persistent link: https://www.econbiz.de/10001838265
Capital markets have undergone massive changes in the past decade; in Western Europe but of course more fundamentally in the Central and Eastern European Countries (CEEC). The euro has fostered the transformation of financial systems toward a more market based approach. Its impact in Eastern Europe...
Persistent link: https://www.econbiz.de/10001838266
Countries (CEEC) into the European Union (EU) is accompanied by an extension of the eurozone to this region. This paper surveys … likely outcomes and challenges of this specific feature of EU enlargement. Moreover, the article represents the start of an …. Our main position is that the euro has in general beneficiary effects for the CEEC and the current EU in all examined …
Persistent link: https://www.econbiz.de/10001790931