Selected Transition and Mediterranean Countries: An Institutional Primer on EMU and EU Relations
June 1, 1998
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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:
Issue:
082
Series:
Working Paper No. 1998/082
Stock No:
WPIEA0821998
ISBN:
9781451850413
ISSN:
1018-5941
