The accession countries: what is equal treatment?
Peter Kenen and Ellen Meade set out the tests the accession countries are expected to meet to join the European monetary union, and argue that these tests should be changed to take account of changed conditions.
In May 2004, ten countries are due to join the European Union1. They are therefore obliged to join the European monetary union (EMU) and adopt the euro as their national currency2. Most of them, moreover, have been eager to do that. Membership in EMU is not automatic, however, because
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Pakistan holds interest rate ahead of IMF loan review
Central bank says inflation remains high even after dropping in March
Research probes US consumers’ dislike of inflation
People prefer inflation close to zero but may misunderstand the underlying processes, studies find
Thai prime minister tells lenders to cut interest rates
Move comes amid continued tensions between government and central bank
Ukraine cuts rates as inflation falls
Central bank is positive over foreign aid but says economic damage from war could worsen
Turkey keeps interest rates flat
Central bank says monetary policy may tighten if inflation worsens
BoJ keeps policy unchanged as yen weakens
Policymakers raise inflation forecasts, saying “virtuous wage-price cycle” is strengthening
Fed policy has more effect during US recessions, ECB paper finds
Researchers use non-linear methods to examine effects of FOMC shocks
Food prices remain a risk to disinflation – RBI research
Extreme weather events may also pose risks in the near term
Most read
- ECB says iPhone is currently incompatible with digital euro
- ‘Do I die, or do I survive?’ Officials reflect on Basel III complexity
- Supervisors grapple with the smaller bank dilemma