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The Eastern Enlargement of the Eurozone

Marek Dabrowski, Jacek Rostowski




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 |  2006-07-01 |  2006-07-01 | File type: PDF

||About the Author||Marek Dabrowski is Professor of Economics, Chairman of the CASE Foundation Council, Chairman of the Supervisory Board of CASE-Ukraine in Kiev, former First Deputy Minister of Finance of Poland (1989-1990) and former Member of the Monetary Polic

The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with t...

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