A key objective of the Central European Economies (CEE) on their
transition path from planned to more market-oriented economies has
been membership of the European Union (EU). The start of Economic
and Monetary Union (EMU) in 1999 has added membership of the EMU to
the agenda for the CEEs. The task of the so-called VisA]grad
countries (the Czech and Slovak Republics, Hungary and Poland) of
preparing for EU and EMU membership is the key theme underlying the
papers contained in this volume. There are many issues to be
resolved before the VisA]grad countries are admitted into the EU,
and this volume focuses on the issues relating to macroeconomic
policies and financial sector structures. The chapters of Central
Europe Towards Monetary Union: Macroeconomic Underpinnings and
Financial Reputation contain new theoretical and empirical results
and also comprehensive institutional overviews. The intended
readership of the book is policy makers and economists working in
the academic and financial sectors.
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