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The Eastern Enlargement of the Eurozone

  • Marek Dabrowski
  • Jacek Rostowski

Table of contents

  1. Front Matter
    Pages i-xv
  2. Jacek Rostowski
    Pages 1-14
  3. Maryla Maliszewska, Wojciech Maliszewski
    Pages 15-40
  4. Monika Blaszkiewicz-Schwartzman, Przemyslaw Wozniak
    Pages 41-61
  5. Maryla Maliszewska
    Pages 63-74
  6. Artur Radziwill, Mateusz Walewski
    Pages 75-90
  7. Mateusz Szczurek
    Pages 91-111
  8. Lukasz W. Rawdanowicz
    Pages 113-129
  9. Jacek Rostowski
    Pages 147-158
  10. Nikolai Zoubanov
    Pages 159-182
  11. Wojciech Paczynski
    Pages 183-198
  12. Marek Dabrowski
    Pages 199-225
  13. Back Matter
    Pages 227-232

About this book

Introduction

The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with the Eurozone, decreases the probability of asymmetric shocks. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool. The Eastern Enlargement of the Eurozone provides comprehensive economic analysis of theoretical, empirical and political issues that will determine whether EMU enlargement is a success, which has implications for all common currency systems.

Keywords

EMU EU Euro Eurozone Integration Paraplucon fiscal monetary

Editors and affiliations

  • Marek Dabrowski
    • 1
  • Jacek Rostowski
    • 2
  1. 1.Center for Social and Economic ResearchWarsawPoland
  2. 2.Center for Social and Economic ResearchWarsaw & Central European UniversityBudapestHungary

Bibliographic information

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