03149nam a22004695i 4500 978-0-387-25766-2 DE-He213 20260521091836.0 cr nn 008mamaa 100301s2006 xxu| s |||| 0|eng d 9780387257662 99780387257662 10.1007/b136026 doi CICY 337.142 23 Dabrowski, Marek. editor. The Eastern Enlargement of the Eurozone [recurso electrónico] / edited by Marek Dabrowski, Jacek Rostowski. Boston, MA : Springer US, 2006. XV, 232 p. online resource. text txt rdacontent computer c rdamedia recurso en línea cr rdacarrier text file PDF rda When Should the New Member States Join EMU? -- The Exchange Rate: Shock Generator or Shock Absorber? -- Do the New Member States Fit the Optimum-Currency-Area Criteria? -- EMU Enlargement and Trade Creation -- Future EMU Membership and Wage Flexibility -- Exchange Rate Regimes and Nominal Convergence -- EMU Enlargement and the Choice of Euro Conversion Rates -- The Short-Run Macroeconomic Effects of Discretionary Fiscal Policy Changes -- How to Reform the Stability and Growth Pact -- Uneven Growth in a Monetary Union -- ECB Decision-Making in an Enlarged EMU -- A Strategy for EMU Enlargement. The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with the Eurozone, decreases the probability of asymmetric shocks. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool. The Eastern Enlargement of the Eurozone provides comprehensive economic analysis of theoretical, empirical and political issues that will determine whether EMU enlargement is a success, which has implications for all common currency systems. ECONOMICS. EUROPE ECONOMIC POLICY. INTERNATIONAL ECONOMICS. MACROECONOMICS. ECONOMICS/MANAGEMENT SCIENCE. EUROPEAN INTEGRATION. ECONOMICS GENERAL. MACROECONOMICS/MONETARY ECONOMICS. INTERNATIONAL ECONOMICS. Rostowski, Jacek. editor. SpringerLink (Online service) Springer eBooks Printed edition: 9780387257648 http://dx.doi.org/10.1007/b136026 Ver el texto completo en las instalaciones del CICY ddc ER 32417 32417 0 0 ddc 0 0 LE CICY CICY EL 2025-07-10 0 337.142 2025-07-10 08:39:34 2025-07-10 ER