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Record Nr. |
UNINA9910821269203321 |
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Autore |
Sorsa Piritta <1955-> |
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Titolo |
Macroeconomic challenges with EU accession in southeastern Europe : an overview / / prepared by Piritta Sorsa |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, IMF Institute, 2006 |
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ISBN |
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1-4623-8815-9 |
1-4519-9945-3 |
1-282-44825-0 |
9786613821447 |
1-4519-0836-9 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (27 p.) |
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Collana |
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IMF working paper ; ; WP/06/40 |
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Soggetti |
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Monetary policy - Europe |
Europe Economic integration |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. STATUS OF EU ACCESSION IN SEE""; ""III. PROGRESS IN ESTABLISHING A MARKET ECONOMY AND REAL CONVERGENCE ""; ""IV. NOMINAL CONVERGENCE�MONETARY AND FISCAL FRAMEWORKS AND STABILIZATION""; ""V. CONCLUSIONS""; ""References"" |
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Sommario/riassunto |
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The paper reviews key macroeconomic challenges with EU accession in Southeastern Europe (SEE). Most of the countries in the region are years away from EU accession and need substantial progress to meet the key macroeconomic criteria-the establishment of a functioning market economy and macroeconomic stability. The former calls for further structural reforms. While macroeconomic stability is essential throughout the EU accession process, the importance of specific outcomes increases in the last stage of accession, when countries face decisions to apply for entry into the ERM2 and the Maastricht criteria (Bulgaria and Romania). The main challenges with establishing macroeconomic stability in other countries are related to sustainability of their monetary frameworks, risks from rapid financial deepening, and further fiscal consolidation to support growth and stabilization. |
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