EU, EMU and the Central and Eastern European Countries

Sándor Ligeti

Chapter 14 in Strategic Challenges in European Banking, 2000, pp 293-302 from Palgrave Macmillan

Abstract: Abstract To join or not to join: that is the question. The question is not only a Danish one but it is also a question for the Central and Eastern European (C&EE) countries, including Hungary. Joining the EU is not a question for some of the C&EE countries: it is a wish expressed when they answered the questionnaire issued by the EU, which is a precondition of starting negotiations to join. Joining the economic and monetary union (EMU) demands fulfilling the so-called convergence criteria. However, the prospects for EMU are not so clear. Even Western European countries have to analyse the costs and benefits of EMU and the obligations of the particular countries. These problems could be similar for the C&EE countries as well. Instead of a detailed analysis of EMU, I will summarise the main problems and deal with the special problems of C&EE countries.

Keywords: Gross Domestic Product; Central Bank; Public Debt; European Central Bank; Monetary Union (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37736-3_14

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DOI: 10.1057/9780230377363_14

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