Eurozone enlargement : prospect of new EU member states for euro adoption, The
Eurozone Monetary unions Economic policy International economic integration Membership requirements Europe European Union countries
Nova Science Publishers, Inc.
2016
EISBN 9781634843966
THE EUROZONE ENLARGEMENT PROSPECT OF NEW EU MEMBER STATES FOR EURO ADOPTION ; THE EUROZONE ENLARGEMENT PROSPECT OF NEW EU MEMBER STATES FOR EURO ADOPTION ; Library of Congress Cataloging-in-Publication Data; CONTENTS ; PREFACE ; Chapter 1 CURRENT FINANCIAL SITUATIONS AND EMU EVOLUTION ; 1. INTRODUCTION ; 2. EUROPEAN MONETARY INTEGRATION AND CONVERGENCE CRITERIA ; 3. FINANCIAL INTEGRATION: CEECS AND THE GLOBAL CRISIS SINCE 2008 AND BACKGROUND; 3.1. Overview ; 3.2. Development of CEECs' Banking Sector ; 3.2.1. Transition to a Market Economy and Development of the Banking Sector
1. INTRODUCTION 2. BIRTH OF A NATIONAL CURRENCY ; 3. THE MECIAR REGIME UNTIL 1998 ; 4. DZURINDA AND EU ACCESSION ; 5. BANKING SECTOR REFORMS ; 6. COSTS, BENEFITS, AND DISADVANTAGES OF EURO ADOPTION: THE SLOVAK NATIONAL BANK'S PERSPECTIVE ; 7. SLOVAK PROCESS FOR ADOPTING THE EURO ; 8. CHANGES IN POLITICAL SITUATIONS AND ECONOMIC POLICIES BEFORE AND AFTER EURO ADOPTION ; CONCLUSION ; REFERENCES; Chapter 4 SOME LESSONS FROM THE SUCCESSFUL EURO ADOPTION BY THE TWO CEE STATES ; 1. INTRODUCTION ; 2. NEW COST-BENEFIT ANALYSIS OF THE EURO ADOPTION AFTER THE EURO ZONE CRISIS
3. LATVIA: CALAMITIES AND SUCCESS 4. SLOVAKIA: LATECOMER'S TRAUMA AND ADVANTAGE ; CONCLUSION ; REFERENCES ; Chapter 5 THE INSTITUTIONAL UNDERPINNINGS OF THE PROSPECTIVE EURO ADOPTION IN POLAND ; 1. INTRODUCTION ; 2. REFERENCE FRAMEWORK ; 3. NOMINAL CONVERGENCE ; 4. REAL CONVERGENCE ; 5. INSTITUTIONAL DEVELOPMENT ; 5.1. Progress in Structural Reforms ; 5.2. Varieties of Capitalism and the Quality of Selected Institutions ; 5.3. Product and Labour Markets ; 5.4. Economic Freedom and Perceived Corruption ; 5.5. Financial Intermediation ; 5.6. Science and Technology ; CONCLUSION ; REFERENCES
3.2.2. Banking Structure in CEECs 3.2.3. Credit Demand and Rapid Credit Expansion in CEECs ; 3.3. The Outbreak of Crisis and Its Repercussions ; 3.4. The Repercussions of the Crisis on Western Europe; 3.5. Policy Responses to the Crisis ; 3.6. Reinforcement of Intra EU Supervisory and Cooperation System ; 3.6.1. Reinforcement of Financial Supervision ; 3.6.2. Vienna Initiative ; 4. EURO ADOPTION ; 4.1. Costs and Benefits of Euro Adoption ; 4.2. Obstacles to Joining the Eurozone ; 4.2.1. Legislative Convergence of Central Bank Independence
4.2.2. Monetary Policy for Convergence Criteria and Turmoil Regarding Central Bank Independence 4.2.3. Timetable for Euro Adoption and Abandonment ; CONCLUSION ; REFERENCES ; Chapter 2 FROM DINAR TO TOLAR AND FROM TOLAR TO EURO: THE SLOVENIAN EXPERIENCE ; 1. INTRODUCTION.
EURO AND OPTIMAL CURRENCY AREA ; 2. CREATION OF THE COUNTRY AND THE CURRENCY ; 3. THE PROBLEMS OF A SMALL CURRENCY AREA ; 4. BACK TO EUROPE ; 5. THE COSTS AND BENEFITS OF THE ACCESSION ; 6. THE CRISIS IN THE BANKING SECTOR ; EXPERIMENTS AND OBEDIENCE? ; REFERENCES ; Chapter 3 SLOVAKIA: ADOPTION OF THE EURO AND AFTER
Chapter 6 CZECH REPUBLIC.
THE PRESENT SITUATION OF A PROSPECTIVE EUROZONE MEMBER: CURRENT CHALLENGES DURING TIME OF CREATIVE DESTRUCTION (A COMPARISON WITH SLOVAKIA AS A EUROZONE MEMBER)
1. INTRODUCTION 2. BIRTH OF A NATIONAL CURRENCY ; 3. THE MECIAR REGIME UNTIL 1998 ; 4. DZURINDA AND EU ACCESSION ; 5. BANKING SECTOR REFORMS ; 6. COSTS, BENEFITS, AND DISADVANTAGES OF EURO ADOPTION: THE SLOVAK NATIONAL BANK'S PERSPECTIVE ; 7. SLOVAK PROCESS FOR ADOPTING THE EURO ; 8. CHANGES IN POLITICAL SITUATIONS AND ECONOMIC POLICIES BEFORE AND AFTER EURO ADOPTION ; CONCLUSION ; REFERENCES; Chapter 4 SOME LESSONS FROM THE SUCCESSFUL EURO ADOPTION BY THE TWO CEE STATES ; 1. INTRODUCTION ; 2. NEW COST-BENEFIT ANALYSIS OF THE EURO ADOPTION AFTER THE EURO ZONE CRISIS
3. LATVIA: CALAMITIES AND SUCCESS 4. SLOVAKIA: LATECOMER'S TRAUMA AND ADVANTAGE ; CONCLUSION ; REFERENCES ; Chapter 5 THE INSTITUTIONAL UNDERPINNINGS OF THE PROSPECTIVE EURO ADOPTION IN POLAND ; 1. INTRODUCTION ; 2. REFERENCE FRAMEWORK ; 3. NOMINAL CONVERGENCE ; 4. REAL CONVERGENCE ; 5. INSTITUTIONAL DEVELOPMENT ; 5.1. Progress in Structural Reforms ; 5.2. Varieties of Capitalism and the Quality of Selected Institutions ; 5.3. Product and Labour Markets ; 5.4. Economic Freedom and Perceived Corruption ; 5.5. Financial Intermediation ; 5.6. Science and Technology ; CONCLUSION ; REFERENCES
3.2.2. Banking Structure in CEECs 3.2.3. Credit Demand and Rapid Credit Expansion in CEECs ; 3.3. The Outbreak of Crisis and Its Repercussions ; 3.4. The Repercussions of the Crisis on Western Europe; 3.5. Policy Responses to the Crisis ; 3.6. Reinforcement of Intra EU Supervisory and Cooperation System ; 3.6.1. Reinforcement of Financial Supervision ; 3.6.2. Vienna Initiative ; 4. EURO ADOPTION ; 4.1. Costs and Benefits of Euro Adoption ; 4.2. Obstacles to Joining the Eurozone ; 4.2.1. Legislative Convergence of Central Bank Independence
4.2.2. Monetary Policy for Convergence Criteria and Turmoil Regarding Central Bank Independence 4.2.3. Timetable for Euro Adoption and Abandonment ; CONCLUSION ; REFERENCES ; Chapter 2 FROM DINAR TO TOLAR AND FROM TOLAR TO EURO: THE SLOVENIAN EXPERIENCE ; 1. INTRODUCTION.
EURO AND OPTIMAL CURRENCY AREA ; 2. CREATION OF THE COUNTRY AND THE CURRENCY ; 3. THE PROBLEMS OF A SMALL CURRENCY AREA ; 4. BACK TO EUROPE ; 5. THE COSTS AND BENEFITS OF THE ACCESSION ; 6. THE CRISIS IN THE BANKING SECTOR ; EXPERIMENTS AND OBEDIENCE? ; REFERENCES ; Chapter 3 SLOVAKIA: ADOPTION OF THE EURO AND AFTER
Chapter 6 CZECH REPUBLIC.
THE PRESENT SITUATION OF A PROSPECTIVE EUROZONE MEMBER: CURRENT CHALLENGES DURING TIME OF CREATIVE DESTRUCTION (A COMPARISON WITH SLOVAKIA AS A EUROZONE MEMBER)
