Exchange-rate policy prior to EMU membership
For the acceding countries the prospect of eventual membership in the European Monetary Union (EMU) already raises some important monetary-policy questions: when exactly should they join EMU, and what exchange-rate strategies should they adopt in the intervening period? Time is particularly tight for those that want to join EMU as quickly as possible.
For the acceding countries the prospect of eventual membership in the European Monetary Union (EMU) already raises some important monetary-policy questions: when exactly should they join EMU, and what exchange-rate strategies should they adopt in the intervening period? Time is particularly tight for those that want to join EMU as quickly as possible.
