The EU attitude to unilateral euroization: Misunderstandings, real concerns and sub‐optimal admission criteria

Andrzej Bratkowski and Jacek Rostowski

The Economics of Transition, 2002, vol. 10, issue 2, 445-468

Abstract: European Union objections to unilateral euroization by applicant countries are categorized as either a misunderstanding of what euroization entails or as justified concern, which should be alleviated by candidates wishing to euroize. Some ways in which candidates can alleviate concerns are discussed, as well as possible adjustments to the Maastricht criteria which might better protect both sides' interests. The paper concludes that the EU would benefit if it accepted unilateral euroization by applicants. JEL classification: E42, F33, F42, P24.

Date: 2002
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