Monetary policy towards E(M)U accession: A central banker's view |
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Authors: | Zdenek Tuma |
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Institution: | (1) Governor, Czech National Bank, Czech Republic |
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Abstract: | This paper gives a brief overview of the main economic issues related to the forthcoming integration of the new EU member
countries into the euro area. Subsequently, it will discuss in more detail three broad issues concerning the monetary side
of EU enlargement. First addressed is the timing of euro area enlargement and monetary policy regimes in the run up to the
EMU. The next focus is on the ERM II as an interim step towards the euro area. Third, the author expresses his views on the
future of the ECB and the euro area, which the Czech Republic will have an opportunity to co-determine after its entry.
The paper is based on the author's Distinguished Address, as well as the symposium's panel discussion on the topic at the
International Atlantic Economic Conference in Vienna, 14 March 2003. |
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Keywords: | |
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