The Political Economy of the Eurozone in Central and Eastern Europe: Why In, Why Out?

Name: The Political Economy of the Eurozone in Central and Eastern Europe: Why In, Why Out?
Brand: Taylor & Francis
SKU: 9781032034676
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by Krisztina Arató

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ISBN13: 9781032034676
Binding: Paperback
Subject: N/A
Publisher: Taylor & Francis
Publisher Imprint: Routledge
Publication Date: July 1, 2021
Pages: 340
Original Price: GBP 40.99
Language: English
Edition: N/A
Item Weight: 482 grams
BISAC Subject(s): Intergovernmental Organizations, Commentary & Opinion, and International Relations / Trade & Tariffs

About The Book

The idea for this volume came from the enigma that some Central and Eastern European (CEE) European Union (EU) member states have been keen to join the Eurozone while others have shown persistent reluctance. Moreover, the attitudes towards joining have seemingly not correlated with either the level of economic development or the time spent as part of the EU, nor with any other rational reason such as the level of integration into the EU real economy, or the level of trust in the EU on the part of the public. Therefore, at first sight, the answer to the question 'why in, why out?' remains rather unclear.

The attractiveness of the currency union has nevertheless not disappeared for the CEE countries. Despite the Eurozone crisis of 2010-13, it was during that time that the Baltic states introduced the euro. Then, after a few years of inactivity, Croatia and Bulgaria successfully applied for membership of the exchange rate mechanism in July 2020, amid the economic crisis caused by the coronavirus (COVID-19) pandemic. At the same time, the three Visegrad countries still using their national currencies - Poland, Czechia and Hungary - no longer have a target date to join the monetary union. This volume aims to discuss these issues from horizontal aspects and through country studies, with contributions from expert authors from, or closely related to, the CEE region.

About The Author

Krisztina Arató is Professor of Political Science, Eötvös Loránd University (ELTE), Hungary.

Boglárka Koller is Professor of European Studies, University of Public Service - Ludovika, Hungary.

Anita Pelle is Jean Monnet Professor in Economics, University of Szeged, Hungary.

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