Monetary policy before euro adoption : challenges for EU new members

Abstrakt

This chapter analyzes the main issues for monetary policy in new EU member states before their euro adoption. These are typically rooted in the challenge of fulfilling concurrently of the Maastricht inflation and exchange rate criterion, as these countries are experiencing equilibrium real exchange rate appreciation.

Klíčová slova

• Monetary
• policy
• before
• adoption
• challenges
• members