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Volume 51, Issue 10


Exchange Rate Convergence and Entry to the Eurozone (II) A Comparison of Experiences from Member Stes of the European Union

Čech, Zdeněk; Komárek, Luboš

Year: 2001   Volume: 51   Issue: 10   Pages: 522-538

Abstract: The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries. Emphasis is given to an analysis of the exchange rate policy of member states within the ERM/ERM2 mechanism (beginning several years before the introduction of the euro) and to the evaluation of exchange rate criteria. Following an introduction, the second part features a discussion of ERM and ERM2, while the third part provides a detailed analysis of the exchange rate convergence process in EU countries. The fourth and final part summarizes the main experiences of EU/eurozone countries with exchange rate convergence within the ERM and ERM2 period.

JEL classification: E58, E52, P2

Keywords: convergence; exchange rate; monetary policy; EU

RePEc: n/a

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