Selected Transition and Mediterranean Countries: An Institutional Primer on EMU and EU Relations

ByRobert A Feldman, Heliodoro Temprano-Arroyo

June 1, 1998

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU). After describing the current institutional framework for their relations with the EU, the paper examines two basic categories of institutional effects: those stemming from the need to satisfy the Maastricht convergence criteria before joining the euro area, and those stemming from the need to adopt the EU’s institutional and legal provisions in the area of EMU.

Subject: Banking, Central bank autonomy, Central banks, Currencies, Exchange rate policy, Financial institutions, Foreign exchange, Government securities, International trade, Money, Trade agreements

Keywords: Baltics, banks government securities, Central bank autonomy, consumer price, countries vis-a-vis, Currencies, deutsche mark, economic policy, EMU, EU, EU countries vis-a-vis, EU country, EU membership, EU trade policy, Europe, exchange rate, Exchange rate policy, Government securities, liberalization vis-a-vis EU country, Mediterranean country, single currency, Trade agreements, transition, WP

Pages:
63
Volume:
1998
DOI:
https://doi.org/10.5089/9781451850413.001
Issue:
082
Series:
Working Paper No. 1998/082
Stock No:
WPIEA0821998
ISBN:
9781451850413
ISSN:
1018-5941

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

IMF Working Papers