 The Maastricht Inflation Criterion and Entry to the Eurozone: Challenges and Options for EU Countries from Central and Eastern EuropeChapter 8 in Poland and the Eurozone, 2014, pp 139-164 from Palgrave Macmillan Abstract: Abstract The enlargements in 2004, 2007 and 2013 brought a total of 13 new countries into the European Union, of which 11 are post-communist countries from Central and Eastern Europe (CEE) and two are Mediterranean island states. When they joined, the new members committed to entering the eurozone and adopting the euro once they had fulfilled the Maastricht convergence criteria. By the beginning of 2014 four of the eleven post-communist countries had entering the eurozone, but this still left seven post-communist EU countries outside the eurozone, of which Poland is the biggest and the most important economically and politically. This chapter discusses what is without doubt the biggest challenge for Poland and the six other CEE countries, that is the Maastricht Treaty’s price stability criterion or inflation criterion as it is more commonly called. The complications of satisfying the criterion are adeptly summarised in the title of a 2006 paper by Ales Bulir and Jaromir Hurnik: ‘The Maastricht inflation criterion: how unpleasant is purgatory?’ Keywords: Exchange Rate; Inflation Rate; Tradable Sector; Sustainability Component; Real Convergence (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-1-137-42641-3_8 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Studies in Economic Transition from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.