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Prospect of New EU Member States for the Euro Adoption
| Content Provider | Semantic Scholar |
|---|---|
| Author | Koyama, Yoji |
| Copyright Year | 2016 |
| Abstract | This paper aims to introduce a forthcoming book titled The Eurozone Enlargement: Prospect of New EU Member States for the Euro Adoption, which is to be published in 2016. The book has been written by 5 economists from Eastern Europe and 3 economists from Japan. It considers the problems of the prospect of the Eurozone enlargement by reviewing the experiences of New EU Member States (NMS) which have adopted the Euro and considering prospects of NMS which have not yet adopted the Euro. The book discusses the following important issues: 1) Experiences of NMS which have already adopted Euro; 2) Attitude toward the entry in the EMU; 3) Problems concerning convergence; 4) Macroeconomic Stability; 5) Industrial Policy; 6) Loss of monetary autonomy; 7) Austerity measures. Many contributors emphasize the importance of necessity for accomplishment not only of the Maastricht criteria of nominal convergence but also of criteria of substantial and institutional convergence. Finally, the book argues that in order for non-Euro NMS to adopt the Euro it is dispensable for the European Commission to formulate a new strategy for the economic development in the EU periphery including NMS. In this regard, wisdom which should replace austerity measures is urgently required. Although not discussed directly, the book has important implication for Candidates in the Western Balkans. |
| Starting Page | 97 |
| Ending Page | 114 |
| Page Count | 18 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.ritsumei.ac.jp/acd/re/ssrc/result/memoirs/kiyou32/32-05.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
