Tabla de Contenidos:
  • THE EUROZONE ENLARGEMENT PROSPECT OF NEW EU MEMBER STATES FOR EURO ADOPTION ; THE EUROZONE ENLARGEMENT PROSPECT OF NEW EU MEMBER STATES FOR EURO ADOPTION ; Library of Congress Cataloging-in-Publication Data; CONTENTS ; PREFACE ; Chapter 1 CURRENT FINANCIAL SITUATIONS AND EMU EVOLUTION ; 1. INTRODUCTION ; 2. EUROPEAN MONETARY INTEGRATION AND CONVERGENCE CRITERIA ; 3. FINANCIAL INTEGRATION: CEECS AND THE GLOBAL CRISIS SINCE 2008 AND BACKGROUND; 3.1. Overview ; 3.2. Development of CEECs' Banking Sector ; 3.2.1. Transition to a Market Economy and Development of the Banking Sector.
  • 3.2.2. Banking Structure in CEECs 3.2.3. Credit Demand and Rapid Credit Expansion in CEECs ; 3.3. The Outbreak of Crisis and Its Repercussions ; 3.4. The Repercussions of the Crisis on Western Europe; 3.5. Policy Responses to the Crisis ; 3.6. Reinforcement of Intra EU Supervisory and Cooperation System ; 3.6.1. Reinforcement of Financial Supervision ; 3.6.2. Vienna Initiative ; 4. EURO ADOPTION ; 4.1. Costs and Benefits of Euro Adoption ; 4.2. Obstacles to Joining the Eurozone ; 4.2.1. Legislative Convergence of Central Bank Independence.
  • 4.2.2. Monetary Policy for Convergence Criteria and Turmoil Regarding Central Bank Independence 4.2.3. Timetable for Euro Adoption and Abandonment ; CONCLUSION ; REFERENCES ; Chapter 2 FROM DINAR TO TOLAR AND FROM TOLAR TO EURO: THE SLOVENIAN EXPERIENCE ; 1. INTRODUCTION
  • EURO AND OPTIMAL CURRENCY AREA ; 2. CREATION OF THE COUNTRY AND THE CURRENCY ; 3. THE PROBLEMS OF A SMALL CURRENCY AREA ; 4. BACK TO EUROPE ; 5. THE COSTS AND BENEFITS OF THE ACCESSION ; 6. THE CRISIS IN THE BANKING SECTOR ; EXPERIMENTS AND OBEDIENCE? ; REFERENCES ; Chapter 3 SLOVAKIA: ADOPTION OF THE EURO AND AFTER.
  • 1. INTRODUCTION 2. BIRTH OF A NATIONAL CURRENCY ; 3. THE MECIAR REGIME UNTIL 1998 ; 4. DZURINDA AND EU ACCESSION ; 5. BANKING SECTOR REFORMS ; 6. COSTS, BENEFITS, AND DISADVANTAGES OF EURO ADOPTION: THE SLOVAK NATIONAL BANK'S PERSPECTIVE ; 7. SLOVAK PROCESS FOR ADOPTING THE EURO ; 8. CHANGES IN POLITICAL SITUATIONS AND ECONOMIC POLICIES BEFORE AND AFTER EURO ADOPTION ; CONCLUSION ; REFERENCES; Chapter 4 SOME LESSONS FROM THE SUCCESSFUL EURO ADOPTION BY THE TWO CEE STATES ; 1. INTRODUCTION ; 2. NEW COST-BENEFIT ANALYSIS OF THE EURO ADOPTION AFTER THE EURO ZONE CRISIS.
  • 3. LATVIA: CALAMITIES AND SUCCESS 4. SLOVAKIA: LATECOMER'S TRAUMA AND ADVANTAGE ; CONCLUSION ; REFERENCES ; Chapter 5 THE INSTITUTIONAL UNDERPINNINGS OF THE PROSPECTIVE EURO ADOPTION IN POLAND ; 1. INTRODUCTION ; 2. REFERENCE FRAMEWORK ; 3. NOMINAL CONVERGENCE ; 4. REAL CONVERGENCE ; 5. INSTITUTIONAL DEVELOPMENT ; 5.1. Progress in Structural Reforms ; 5.2. Varieties of Capitalism and the Quality of Selected Institutions ; 5.3. Product and Labour Markets ; 5.4. Economic Freedom and Perceived Corruption ; 5.5. Financial Intermediation ; 5.6. Science and Technology ; CONCLUSION ; REFERENCES.
  • Chapter 6 CZECH REPUBLIC
  • THE PRESENT SITUATION OF A PROSPECTIVE EUROZONE MEMBER: CURRENT CHALLENGES DURING TIME OF CREATIVE DESTRUCTION (A COMPARISON WITH SLOVAKIA AS A EUROZONE MEMBER).