This collection analyses the monetary and exchange rate strategies of the EU accession countries during the EMU (pre-) accession phase and also policy questions that will appear upon Euroarea entry. Written by specialists in the field, it is a must-read for all economists with an interest in the rapidly evolving economies of the future EU member states.

Studies effects of alternative exchange rate regimes on Accession Countries in Central and Eastern Europe

List of Tables List of Figures List of Abbreviations List of Contributors Preface Foreword PART I: GENERAL POLICY ISSUES FOR THE ACCESSION COUNTRIES Introduction - Monetary Integration of Central and East European Accession Countries: The Pros and Cons of Speedy versus more Gradual Strategies; P.Backé and C.Wójcik Is Accession to EMU More Justifiable ex post than ex ante ?; J.Fidrmuc Modelling Alternative Paths to EMU for the Accession Countries; L.Vinhas de Souza and E.Ledrut Macroeconomic Adjustment in EU Accession Countries: An Analysis Using a Small Macroeconomic Model; B.van Aarle, J.Plasmans and B.Merlevede Nominal and Real Forex Regimes and EMU Accession; P.van Foreest and C.G.de Vries PART II: COUNTRY-SPECIFIC MONETARY POLICY AND EXCHANGE RATE QUESTIONS IN THE RUN-UP TO MONETARY UNION Slovenia's Monetary and Exchange Rate Framework in the Run-up to ERM II; G.Capriolo and V.Lavrac Monetary Policy in Estonia: The Transmission Mechanism; U.Sepp, M.Randveer and R.Lättemäe Czech Monetary Policy on the Road to European (Monetary) Union; R.Matousek & A.Taci Poland's Accession to EMU - Choosing the Exchange Rate Parity; L.R.Rawdanowicz Monetary and Exchange Rate Strategies in Hungary on the Way to the Euro; A.Csajbók References Index