The Eastern Enlargement of the Eurozone

by Marek Dabrowski (Editor), JacekRostowski (Editor)

• New

  Hardcover
  2005

  $156.02

  The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool.