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Exchange Rate Convergence and Entry to the Eurozone (II): A Comparison of Experiences from Member States of the European Union

Zdenìk Èech and Lubos Komarek ()

Czech Journal of Economics and Finance (Finance a uver), 2002, vol. 52, issue 10, 522-538

Abstract: The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries. Emphasis is given to an analysis of the exchange rate policy of member states within the ERM/ERM2 mechanism (beginning several years before the introduction of the euro) and to the evaluation of exchange rate criteria. Following an introduction, the second part features a discussion of ERM and ERM2, while the third part provides a detailed analysis of the exchange rate convergence process in EU countries. The fourth and final part summarizes the main experiences of EU/eurozone countries with exchange rate convergence within the ERM and ERM2 period.

Keywords: convergence; exchange rate; monetary policy; EU (search for similar items in EconPapers)
JEL-codes: E58 E52 P2 (search for similar items in EconPapers)
Date: 2002
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