The Monetary Integration of the New Member States before the Euro Area Debt Crisis

Ivan Todorov

Managing Global Transitions, 2013, vol. 11, issue 4 (Winter), 375-390

Abstract: This paper analyzes the process of monetary integration of the New Member States in the European Union till the beginning of the Euro Area debt crisis. The focus of investigation is on the nominal convergence (the fulfillment of the Maastricht criteria) and on the satisfaction of the Optimum Currency Area criteria by the New Member States. More specifically, the trade integration, the financial integration, the output structure and the labor markets of the New Member States are explored from the standpoints of the Optimum Currency Area theory and in the context of the future membership of the New Member States in the Euro Area. The experience of the NMS, which have already adopted the Euro, is also reviewed.

Keywords: New Member States; monetary integration; nominal convergence; Optimum Currency Area theory; macroeconomic policy (search for similar items in EconPapers)
JEL-codes: F15 F41 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.fm-kp.si/zalozba/ISSN/1581-6311/11_375-390.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mgt:youmgt:v:11:y:2013:i:4:p:375-390

Ordering information: This journal article can be ordered from
http://www.mgt.fm-kp.si

Access Statistics for this article

Managing Global Transitions is currently edited by Jana Hojnik

More articles in Managing Global Transitions from University of Primorska, Faculty of Management Koper Contact information at EDIRC.
Bibliographic data for series maintained by Alen Jezovnik ().