The paper deals with the choice of the nominal euro conversion rates for the acceding countries upon their accession to … of 'optimal' euro conversion rates is quiet wide and other issues must be taken into account. In particular, a smooth … transition to the euro conversion rate and minimisation of risks of potential shocks to the economy should be the key concern …

We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … euro area and acceding counties. We find that several acceding countries have a quite high correlation of underlying shocks … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these …

We assess the correlation of supply and demand shocks between current countries in the euro area and EU accession … euro area and acceding counties.We find that several acceding countries have a quite high correlation of underlying shocks … with the euro area and conclude that continuing integration within the EU is likely to align the business cycles of these …