Table of contents

  1. Front Matter
    Pages i-4
  2. Klaus Liebscher
    Pages 5-9
  3. Central Bankers' View of the New Challenges

    1. Michael C. Bonello
      Pages 13-21
    2. Paul De Grauwe
      Pages 23-27
    3. Sylvester C. W. Eijffinger
      Pages 29-43
  4. The Monetary Policy Strategy after EU Enlargement

  5. Challenges for Financial Market Integration and Supervisory Issues

  6. The Adoption of the Euro

    1. Willem H. Buiter
      Pages 145-186
    2. Susan Schadler, Zuzana Murgasova, Rachel van Elkan
      Pages 187-221
    3. György Szapáry
      Pages 229-231
  7. Fiscal Policy Aspects of Monetary Policy

    1. Reinhard Neck, Gottfried Haber, Warwick J. McKibbin
      Pages 235-257
    2. Jürgen von Hagen
      Pages 259-285
  8. Back Matter
    Pages 291-300

About this book


With the enlargement of the EU in May 2004, the possible enlargement of the Economic and Monetary Union also became an imminent issue: It can be expected that the 12 countries that have introduced the Euro so far will be joined by several others by the end of the decade. In this book, a set of internationally renowned economists from both sides of the Atlantic analyse the challenges that lie in front of the EU as it used to be, the hurdles that have to be cleared by possible candidates, and the impact of these developments on important economic sectors like the financial markets, etc. The scientists are supported by Central Bankers from current and future Euro-zone members who give their views on the problems and chances of Euro-accession. The book is thus providing an overall view of the major developments regarding the Euro in the years to come.


Eastern Enlargement Euro European Monetary Union European Payment Systems Financial Markets Fiscal Policy International Currency Monetary Policy

Editors and affiliations

  • Fritz Breuss
    • 1
  • Eduard Hochreiter
    • 2
  1. 1.EuropainstitutWirtschaftsuniversität WienWien
  2. 2.Oesterreichische NationalbankWien

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Wien 2005
  • Publisher Name Springer, Vienna
  • Print ISBN 978-3-211-22535-6
  • Online ISBN 978-3-211-27259-6
  • Buy this book on publisher's site