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The Euro Changeover in the New Member States - A Preview

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This study discusses issues that can be expected to arise in the context of preparations for the euro changeover in the new Member States. In doing so, it draws on the experiences of those 12 countries that have already introduced the single European currency, with a specific focus on the case of Austria. This experience can be a useful signpost for new Member States, even though their starting conditions differ because the euro already exists and most of the countries in question are on a catching-up route. The paper makes reference to the two main dimensions of the process, namely the noncash and cash changeover. The study stresses the crucial importance of timely preparations and well-devised information for ensuring a smooth changeover. In conclusion, the paper expresses confidence that the new Member States will manage the changeover process successfully when the time has come.

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  • Thomas Gruber & Doris Ritzberger-Grünwald, 2005. "The Euro Changeover in the New Member States - A Preview," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 52-75.
    • Handle: RePEc:onb:oenbfi:y:2005:i:1:b:1
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    1. Sandra Dvorsky, 2004. "Central Bank Independence in Southeastern Europe with a View to Future EU Accession," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 50-75.
    2. Juan C. Duque & Raul Ramos & Jordi Suriñach, 2005. "What Have We Learned from the Changeover to the Euro?: Lessons for Accession Countries from Catalonian Firms," Eastern European Economics, Taylor & Francis Journals, vol. 43(1), pages 34-58, January.
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    5. Helmut Stix, 2002. "The Euro in Central and Eastern Europe (CEE countries) : survey evidence from five countries," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 3(03), pages 33-38, April.
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