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The creation of the European Economic and Monetary Union (EMU) and the introduction of the euro is a historical event for the EU countries. The debates on the desirability of the EMU provoked a vast economic literature dealing with the theory of the optimum currency area, costs and benefits of the EMU, symmetric vs. asymmetric shocks, alternative mechanisms of adjustment in a monetary union and so forth. Until recently, for the Central European candidate countries for a full membership in the EU, these issues seemed to be too far away, as they concentrated on devising their own monetary and exchange rate systems suitable for their transition period. The challenges of the EMU for the Central European countries were practically not dealt with in both Western and Eastern economic literature. The present book aims to fill this gap, by focusing on the most direct issue of relevance for the Central European countries with respect to the EMU - why, how and when these countries are expected to join the EMU. The papers included in this volume study the relationship between the EU accession process of the Central European candidate countries and their involvement in the process of European monetary integration.

Monetary policy --- Monetary unions --- European Monetary System (Organization) --- European Union --- 339.92 --- 339.732 --- -Monetary unions --- -Academic collection --- EEU / Central & Eastern Europe --- 334.153.0 --- 331.31 --- 334.151.20 --- 333.432.0 --- -Monetary policy --- -European Union --- -332.494 --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Economische samenwerking en integratie. Tolunie --- Internationale banken. Wereldbank. Ontwikkelingsbank. Investeringsbank. Comecom, samenwerkingsbank. Europees monetair fonds. Europees ontwikkelingsfonds. Europese investeringsbank. Europese monetaire --- Congresses. --- Congresses --- Betrekkingen tussen de Europese Gemeenschappen en de geassocieerde of derde landen: algemeenheden. --- Economisch beleid. --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Monetaire akkoorden en conventies: algemeenheden. --- -European Monetary System (Organization) --- Système monétaire européen (Organization) --- Europäisches Währungssystem (Organization) --- Sistema Monetario Europeo (Organization) --- Europees Monetair System (Organization) --- Europæisk monetær system (Organization) --- Euroopan valuuttajärjestelmä --- EMS (European Monetary System) --- E.M.S. (European Monetary System) --- EWS (European Monetary System) --- E.W.S. (European Monetary System) --- SME (European Monetary System) --- S.M.E. (European Monetary System) --- 339.732 Ida. Ibrd. Bird. Ifc. Imf. Speciale trekkingsrechten. Bank voor internationale betalingen. Internationaal monetair systeem --- 339.732 Internationale banken. Wereldbank. Ontwikkelingsbank. Investeringsbank. Comecom, samenwerkingsbank. Europees monetair fonds. Europees ontwikkelingsfonds. Europese investeringsbank. Europese monetaire --- Ida. Ibrd. Bird. Ifc. Imf. Speciale trekkingsrechten. Bank voor internationale betalingen. Internationaal monetair systeem --- 339.92 Economische samenwerking en integratie. Tolunie --- 332.494 --- Academic collection --- Economisch beleid --- Monetaire akkoorden en conventies: algemeenheden --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Betrekkingen tussen de Europese Gemeenschappen en de geassocieerde of derde landen: algemeenheden --- E.U. --- Europe [Eastern ] --- Union européenne --- European Monetary System (Organization) - Europe, Eastern. --- Monetary unions - Europe, Eastern - Congresses. --- Monetary policy - Europe, Eastern - Congresses. --- Macroeconomics. --- International economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- International Economics. --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Economics --- Monetary policy - Europe, Eastern - Congresses --- Monetary unions - Europe, Eastern - Congresses