Wójcik, C. and Backé, P. (2004) The Unilateral Euroisation Debate in Central and Eastern European EU Accession Countries. Acta Oeconomica, 54 (2). pp. 123-157. ISSN 0001-6373
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Abstract
This paper provides an analysis of the economic benefits, costs and risks that a fast unilateral euroisation would have for the Central and Eastern European EU accession countries. In doing so, a comprehensive and broad overview of the euroisation debate is presented. The overall conclusion from the analysis is that, at this stage, the economics of a rapid unilateral euroisation are highly ambiguous and probably even harmful for the accession countries. However, there are good reasons to believe that the cost-benefit balance of full monetary integration will turn positive for some accession countries within a few years if sound macroeconomic policies are retained, the Maastricht criteria are fulfilled and structural reforms are carried on further to underpin the sustainability of convergence.
Item Type: | Article |
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Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában |
Depositing User: | xKatalin xBarta |
Date Deposited: | 26 Jan 2017 08:35 |
Last Modified: | 26 Jan 2017 08:35 |
URI: | http://real.mtak.hu/id/eprint/46293 |
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