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Euroisierung der mittel- und osteuropäischen EU-Beitrittskandidaten - ein alternativer Weg in die Währungsunion?

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The official view of the European Commission for the Central and Eastern European Countries on their way to the euro is: first join the EU, then converge to the Maastricht criteria, then join the ECB. However, some CEES still aim at fixing their currencies to the euro. Why does the ECB oppose so strongly a „euroization” of Central and Eastern European countries which are not members of European Monetary Union? What arguments can be made in favour of this strategy from the perspective of the affected CEECs? Is the unilateral „euroization” also an alternative exchange rate system for bigger CEECs? This article gives tentative answers to these current and pressing questions.
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  • Ansgar Belke & Martin Hebler, 2002. "Euroisierung der mittel- und osteuropäischen EU-Beitrittskandidaten - ein alternativer Weg in die Währungsunion?," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 206/2002, Department of Economics, University of Hohenheim, Germany.
    • Handle: RePEc:hoh:hohdip:206
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    1. Boone, Laurence & Maurel, Mathilde, 1998. "Economic Convergence of the CEECs with the EU," CEPR Discussion Papers 2018, C.E.P.R. Discussion Papers.
    2. Buch, Claudia M. & Döpke, Jörg, 1999. "Real and Financial Integration in Europe - Evidence for the Accession States and for the Pre-Ins," Kiel Working Papers 917, Kiel Institute for the World Economy (IfW Kiel).
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    4. Ansgar Belke & Daniel Gros, 2001. "Real Impacts of Intra-European Exchange Rate Variability: A Case for EMU?," Open Economies Review, Springer, vol. 12(3), pages 231-264, July.
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    6. Frenkel, Michael & Nickel, Christiane & Schmidt, Günter, 1999. "Some shocking aspects of EMU enlargement," Research Notes 99-4, Deutsche Bank Research.
    7. Mr. George Kopits, 1999. "Implications of EMU for Exchange Rate Policy in Central and Eastern Europe," IMF Working Papers 1999/009, International Monetary Fund.
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    Cited by:

    1. Ansgar Belke & Dirk Kruwinnus, 2003. "Erweiterung der EU und Reform des EZB-Rats: Rotation versus Delegation," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 218/2003, Department of Economics, University of Hohenheim, Germany.

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