Selected Transition and Mediterranean Countries: An Institutional Primer on EMU and EU Relations
IMF Working Papers, June 1, 1998
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- Selected Transition and Mediterranean Countries: An Institutional Primer on EMU and EU Relations
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Bibliographic details
- Authors: Robert A Feldman, Heliodoro Temprano-Arroyo
- Published: June 1, 1998
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451850413.001
Summary
- Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU).
- The paper:
- Describes the current institutional framework for their relations with the EU.
- Examines two basic categories of institutional effects:
- Those stemming from the need to satisfy the Maastricht convergence criteria before joining the euro area.
- Those stemming from the need to adopt the EU’s institutional and legal provisions in the area of EMU.
Major themes and findings
- Institutional implications for transition and Mediterranean countries relate to both pre-euro accession requirements and post-accession institutional/legal alignment.
- Two categories of institutional effects are central:
- Maastricht convergence criteria requirements.
- Adoption of EU institutional and legal provisions in the area of EMU.
Subjects and keywords
- Subject: Banking, Central bank autonomy, Central banks, Currencies, Exchange rate policy, Financial institutions, Foreign exchange, Government securities, International trade, Money, Trade agreements
- Keywords: Baltics, banks government securities, Central bank autonomy, consumer price, countries vis-a-vis, Currencies, deutsche mark, economic policy, EMU, EU, EU countries vis-a-vis, EU country, EU membership, EU trade policy, Europe, exchange rate, Exchange rate policy, Government securities, liberalization vis-a-vis EU country, Mediterranean country, single currency, Trade agreements, transition, WP