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