Overvalued or undervalued Euroland entry?
Hölscher, Jens and Jarmuek, Mariusz (2005) Overvalued or undervalued Euroland entry? Post-Communist economies, 17 (2). pp. 235-250. ISSN 1465-3958
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Official URL: http:dx.doi.org/10.1080/14631370500104968
Abstract This study addresses the question of the conversion rate upon joining the European Union with respect to the accession countries of Eastern Europe. The article argues in favour of an undervalued exchange rate in order to promote income generation in the new member countries. For this purpose a strategy of managed float is proposed. Countries not having the preconditions to pursue such a strategy should adopt a currency board arrangement.
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