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Adoption of Common Currency in Central and Eastern Europe: Evaluating Maastricht Criteria

This analysis explores the complex challenges faced by Central and Eastern European nations in adopting a common currency, anchored on the Maastricht convergence criteria. It delves into critical factors such as price stability, government financial sustainability, exchange rate stability, and long-term interest rates that these nations must address. By assessing their performance against these benchmarks, the paper investigates when and how these countries can align with the Eurozone, providing insights into their economic integration and transformation phases.

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Adoption of Common Currency in Central and Eastern Europe: Evaluating Maastricht Criteria

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  1. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Maastricht Convergence Criteria -When to Adopt Common Currency? Jaromír Šindel ECES

  2. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Topics • Maastricht Convergence Criteria • Explanation, problems, experience, ... • When to Adopt Common Currency • Fulfilment, analyses, …

  3. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Maastricht Convergence Criteria • The Criterion on Price Stability • The Criterion on the Sustainability of the Government Financial Position • Exchange Rate Criterion • Long-term interest rate criterion

  4. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Maastricht Convergence Criteria Definition of the criterion on price stability Source: ČNB

  5. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Maastricht Convergence Criteria Definition of the criterionthe Sustainability of the Govern. Financial Position Source: ČNB

  6. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Maastricht Convergence Criteria Definition of Exchange Rate Criterion Source: ČNB

  7. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Maastricht Convergence Criteria Definition of Long-term interest rate criterion Source: ČNB

  8. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Maastricht Criteria Source: Čech, Komárek

  9. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague ERM - II Source: Čech, Komárek

  10. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague ERM - II Source: Čech, Komárek

  11. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague ERM - II Source: Čech, Komárek

  12. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague 1 year IR differentials Maastricht - IR Source: ČNB, 2005.

  13. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague 5 year IR differentials Maastricht - IR Source: ČNB, 2005.

  14. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague IR differentials Maastricht - IR Source: ČNB, 2005.

  15. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague ER correlation ER Source: ČNB, 2005.

  16. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Maastricht Criteria Source: ECB, 2004.

  17. The Puzzles of Central and Eastern EuropeTransformation and Integration ECES, Prague Maastricht Criteria Source: ECB, 2004.

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