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- W109080062 abstract "The purpose of this paper is to discuss the challenges facing present as well as future euro area member countries and to consider the appropriate strategies to overcome these challenges. To this end, this article gives a brief overview of the Economic and Monetary Union and the prospects of accession countries in joining this Union. The appropriate strategies for entering the euro area will be discussed with a focus on monetary and exchange rate policies. The paper stresses that participation in the EU and EMU is only an intermediate goal, with the ultimate goal being improve- ments in living standards within stable democracies. It is argued that EU and euro area membership are long-term commitments and therefore the policies adopted must be sustainable." @default.
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- W109080062 date "2003-01-01" @default.
- W109080062 modified "2023-09-23" @default.
- W109080062 title "STRATEGIES FOR EURO AREA MEMBERSHIP" @default.
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