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This paper investigates the appropriate exchange rate regimes, both prior to and following European Union accession, for those former centrally planned Central and Eastern European countries that are currently candidates for full membership in the European Union (1). The exchange rate regime is...
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The paper considers the implications for the EU accession candidates of Central and Eastern Europe of the fiscal-financial constraints imposed by the Stability and Growth Pact and the Maastricht Treaty. Our findings apply also to those current EU members whose initial conditions (e.g.,...
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