IDEAS home Printed from https://ideas.repec.org/a/bla/jcmkts/v48y2010i5p1237-1260.html
   My bibliography  Save this article

Uneven Integration: Economic and Monetary Union in Central and Eastern Europe

Author

Listed:
  • RACHEL A. EPSTEIN
  • JULIET JOHNSON

Abstract

Although central and eastern European states widely adopted central bank independence in the 1990s, many later baulked at meeting the Maastricht criteria and adopting the euro. We employ two key variables – regime and institutional discontinuity at the domestic level and the credibility of international institutions' policies – to explain these different responses to the requirements of economic and monetary union.

Suggested Citation

  • Rachel A. Epstein & Juliet Johnson, 2010. "Uneven Integration: Economic and Monetary Union in Central and Eastern Europe," Journal of Common Market Studies, Wiley Blackwell, vol. 48(5), pages 1237-1260, November.
    • Handle: RePEc:bla:jcmkts:v:48:y:2010:i:5:p:1237-1260
    DOI: 10.1111/j.1468-5965.2010.02111.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-5965.2010.02111.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-5965.2010.02111.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Schoors, Koen, 2002. "Should the Central and Eastern European Accession Countries Adopt the Euro before or after Accession?," Economic Change and Restructuring, Springer, vol. 35(1), pages 47-77.
    2. International Monetary Fund, 2005. "Adopting the Euro in Central Europe: Challenges of the Next Step in European Integration," IMF Occasional Papers 2005/004, International Monetary Fund.
    3. Vachudova, Milada Anna, 2005. "Europe Undivided: Democracy, Leverage, and Integration After Communism," OUP Catalogue, Oxford University Press, number 9780199241194.
    4. Cukierman, Alex & Miller, Geoffrey P. & Neyapti, Bilin, 2002. "Central bank reform, liberalization and inflation in transition economies--an international perspective," Journal of Monetary Economics, Elsevier, vol. 49(2), pages 237-264, March.
    5. Breuss, Fritz & Fink, Gerhard & Haiss, Peter, 2004. "How well prepared are the New Member States for the European Monetary Union?," Journal of Policy Modeling, Elsevier, vol. 26(7), pages 769-791, October.
    6. Jonathan Kirshner, 2001. "The Political Economy of Low Inflation," Journal of Economic Surveys, Wiley Blackwell, vol. 15(1), pages 41-70, February.
    7. Kelley, Judith, 2004. "International Actors on the Domestic Scene: Membership Conditionality and Socialization by International Institutions," International Organization, Cambridge University Press, vol. 58(3), pages 425-457, July.
    8. Martin Myant, 1993. "Transforming Socialist Economies," Books, Edward Elgar Publishing, number 330.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ademmer, Esther & Dreher, Ferdinand, 2014. "Institutional constraints to political budget cycles in the enlarged EU," Kiel Working Papers 1964, Kiel Institute for the World Economy (IfW Kiel).
    2. Tomasz Wołowiec & Janusz Soboń, 2011. "EU Integration and Harmonisation of Personal Income Taxation," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 5(1), March.
    3. Grigaliuniene, Zana & Celov, Dmitrij & Hartwell, Christopher A., 2020. "The more the Merrier? The reaction of euro area stock markets to new members," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 66(C).
    4. Dóra Piroska & Yuliya Gorelkina & Juliet Johnson, 2021. "Macroprudential Policy on an Uneven Playing Field: Supranational Regulation and Domestic Politics in the EU's Dependent Market Economies," Journal of Common Market Studies, Wiley Blackwell, vol. 59(3), pages 497-517, May.
    5. Hong- Jen Abraham Lin, 2013. "Trends for future integration of commercial banking between Taiwan and China after the ECFA," Chapters, in: Peter C.Y. Chow (ed.), Economic Integration Across the Taiwan Strait, chapter 4, pages 81-101, Edward Elgar Publishing.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:bla:jcmkts:v:48:y:2010:i::p:1237-1260 is not listed on IDEAS
    2. Peter Burnell, 2008. "From Evaluating Democracy Assistance to Appraising Democracy Promotion," Political Studies, Political Studies Association, vol. 56(2), pages 414-434, June.
    3. Tanja A. Börzel, 2010. "The Transformative Power of Europe Reloaded - The Limits of External Europeanization," KFG Working Papers p0011, Free University Berlin.
    4. Tanja A. Börzel, 2011. "When Europeanization Hits Limited Statehood. The Western Balkans as a Test Case for the Transformative Power of Europe," KFG Working Papers p0030, Free University Berlin.
    5. Mark A. Pollack, 2007. "The New Institutionalisms and European Integration," The Constitutionalism Web-Papers p0031, University of Hamburg, Faculty for Economics and Social Sciences, Department of Social Sciences, Institute of Political Science.
    6. Tanja A. Börzel & Vera van Hüllen, 2011. "Good Governance and Bad Neighbors? The Limits of the Transformative Power of Europe," KFG Working Papers p0035, Free University Berlin.
    7. D. Van den Poel, 2003. "Predicting Mail-Order Repeat Buying. Which Variables Matter?," Review of Business and Economic Literature, KU Leuven, Faculty of Economics and Business (FEB), Review of Business and Economic Literature, vol. 0(3), pages 371-404.
    8. Crowe, Christopher & Meade, Ellen E., 2008. "Central bank independence and transparency: Evolution and effectiveness," European Journal of Political Economy, Elsevier, vol. 24(4), pages 763-777, December.
    9. Berlemann, Michael & Hilscher, Kai, 2010. "Effective monetary policy conservatism: A comparison of 11 OECD countries," HWWI Research Papers 2-21, Hamburg Institute of International Economics (HWWI).
    10. MARTÍNEZ-RUIZ, Elena & NOGUES-MARCO, Pilar, 2018. "The Political Economy of Exchange Rate Stability During the Gold Standard. Spain 1874—1914," Discussion paper series HIAS-E-75, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    11. Tanja A. Börzel & Thomas Risse, 2009. "Diffusing (Inter-) Regionalism - The EU as a Model of Regional Integration," KFG Working Papers p0007, Free University Berlin.
    12. Berlemann, Michael & Hielscher, Kai, 2009. "Measuring Effective Monetary Policy Conservatism," Working Paper 89/2009, Helmut Schmidt University, Hamburg.
    13. von Hagen, Jurgen & Zhou, Jizhong, 2005. "The determination of capital controls: Which role do exchange rate regimes play?," Journal of Banking & Finance, Elsevier, vol. 29(1), pages 227-248, January.
    14. Adriana Arreaza Coll & Luis Enrique Pedauga, 2007. "Instituciones, estructura económica y política económica: ¿qué hay detrás de la inflación en América Latina?," Monetaria, CEMLA, vol. 0(1), pages 7-48, enero-mar.
    15. Richard Connolly, 2012. "The Determinants of the Economic Crisis in Post-Socialist Europe," Europe-Asia Studies, Taylor & Francis Journals, vol. 64(1), pages 35-67.
    16. Jan Babecky & Ales Bulir & Katerina Smidkova, 2012. "Sustainable Real Exchange Rates in the New EU Member States: What Did the Great Recession Change?," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 62(3), pages 226-251, July.
    17. Daniel Stavárek & Lucie Tomanova, 2014. "Is the Region of Visegrad Countries on the Track to the Euro Area? Recent Evidence from the Real Convergence Perspective," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 130-139.
    18. Jan Babecký & Aleš Bulíř & Kateřina šmídková, 2009. "Sustainable real exchange rates in the new EU Member States: Is FDI a mixed blessing?," European Economy - Economic Papers 2008 - 2015 368, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    19. Jeffrey Frankel, 2011. "A Comparison Of Product Price Targeting And Other Monetary Anchor Options, For Commodity Exporters In Latin America," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2011), pages 1-70, August.
    20. Loukas Tsoukalis, 2006. "The JCMS Lecture: Managing Diversity and Change in the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 44(1), pages 1-15, March.
    21. John D. Burger & Francis E. Warnock, 2006. "Local Currency Bond Markets," IMF Staff Papers, Palgrave Macmillan, vol. 53(si), pages 1-7.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jcmkts:v:48:y:2010:i:5:p:1237-1260. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-9886 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.