Enlarging the Euro Area: External Empowerment and Domestic Transformation in East Central Europe

by Kenneth Dyson (Editor)

Overview

This book seeks to offer the first in-depth and systematic analysis of the challenges of the Euro Area and the eastward enlargement of the European Union. It focuses in particular on how the prolonged process of accession to the Euro Area is affecting domestic economic policies in the accession states of east central Europe. It contributes to Europeanization studies, comparative political economy and to studies of Economic and Monetary Union. It also provides a picture of processes of domestic transformation in such countries as the three Baltic States, Bulgaria, the Czech Republic, Hungary, Poland and Romania. The book brings together a range of recognized experts from across Europe and combines country and sectoral case studies with a thematic treatment. It begins by offering an 'outside-in' perspective, which situates the effects of EMU on the accession states in the wider context of the development of global economic norms. The second part focuses on an 'inside-out' analysis of how Euro Area accession affects the states of east central Europe - their policies, politics and public institutions. The final part assesses how Euro Area accession is affecting key policy sectors in east central Europe: financial market regulation, fiscal policies and welfare states and labour markets.

Product Details

ISBN-13:	9780191515422
Publisher:	OUP Oxford
Publication date:	11/02/2006
Sold by:	Barnes & Noble
Format:	eBook
File size:	2 MB

About the Author

Cardiff University

Table of Contents

List of Figures     xi
List of Tables     xii
Notes on Contributors     xv
Introduction   Kenneth Dyson     1
Euro Entry as Defining and Negotiating Fit: Conditionality, Contagion, and Domestic Politics   Kenneth Dyson     7
European and Global Contexts     45
EMU and the New Member States: Strategic Choices in the Context of Global Norms   Jim Rollo     47
Real Convergence and EMU Enlargement: The Time Dimension of Fit With the Euro Area   Iain Begg     71
Economic Adjustment and the Euro in New Member States: The Structural Dimension of Fit   Erik Jones     90
Optimal Economic Governance in an Enlarged European Union: Scenarios and Options   Ingo Linsenmann   Wolfgang Wessels     108
Domestic Political and Policy Contexts     125
The Baltic States: Pacesetting on EMU Accession and the Consolidation of Domestic Stability Culture   Magnus Feldmann     127
From Laggard to Pacesetter: Bulgaria's Road to EMU   Vesselin Dimitrov     145
From Pacesetter to Laggard: The Political Economy of Negotiating Fit in the Czech Republic   Frank Bonker     160
The First Shall Be the Last? Hungary's Road to EMU   Bela Greskovits     178
Poland: Unbalanced Domestic Leadership in Negotiating Fit   Radoslaw Zubek     197
Persistent Laggard: Romania as Eastern Europe's Sisyphus   Dimitris Papadimitriou     215
Patterns of Sectoral Governance     235
Financial Market Governance: Evolution and Convergence   Piroska Mohacsi Nagy     237
EMU and Fiscal Policy   Vesselin Dimitrov     261
EMU and Welfare State Adjustment in Central and Eastern Europe   Martin Rhodes   Maarten Keune     279
Domestic Transformation, Strategic Options and 'Soft' Power in Euro Area Accession   Kenneth Dyson     301
References     328
Index     353