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010   $a9786613821447
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035   $a(OCoLC)698585707
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035   $a(IMF)WPIEE2006040
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100   $a20061002d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aMacroeconomic challenges with EU accession in southeastern Europe $ean overview /$fprepared by Piritta Sorsa
205   $a1st ed.
210   $a[Washington, D.C.] $cInternational Monetary Fund, IMF Institute$d2006
215   $a1 online resource (27 p.)
225 1 $aIMF working paper ;$vWP/06/40
300   $a"February 2006."
311   $a1-4518-6300-4 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. STATUS OF EU ACCESSION IN SEE""; ""III. PROGRESS IN ESTABLISHING A MARKET ECONOMY AND REAL CONVERGENCE ""; ""IV. NOMINAL CONVERGENCEa???MONETARY AND FISCAL FRAMEWORKS AND STABILIZATION""; ""V. CONCLUSIONS""; ""References""
330 3 $aThe paper reviews key macroeconomic challenges with EU accession in Southeastern Europe (SEE). Most of the countries in the region are years away from EU accession and need substantial progress to meet the key macroeconomic criteria-the establishment of a functioning market economy and macroeconomic stability. The former calls for further structural reforms. While macroeconomic stability is essential throughout the EU accession process, the importance of specific outcomes increases in the last stage of accession, when countries face decisions to apply for entry into the ERM2 and the Maastricht criteria (Bulgaria and Romania). The main challenges with establishing macroeconomic stability in other countries are related to sustainability of their monetary frameworks, risks from rapid financial deepening, and further fiscal consolidation to support growth and stabilization. Most of the SEE countries have room to lower public spending and increase the share of pro-growth spending.
410  0$aIMF working paper ;$vWP/06/40.
606   $aMonetary policy$zEurope
607   $aEurope$xEconomic integration
615  0$aMonetary policy
700   $aSorsa$b Piritta$f1955-$01754718
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910821269203321
996   $aMacroeconomic challenges with EU accession in southeastern Europe$94191196
997   $aUNINA