Eastern Enlargement of the Eurozone

Marek Dabrowski is Professor of Economics, Chairman of the CASE Foundation Council, Chairman of the Supervisory Board of CASE-Ukraine in Kiev, former First Deputy Minister of Finance of Poland (1989-1990) and former Member of the Monetary Policy Council of the National Bank of Poland (1998-2004). In the last decade he has been involved in policy advice and policy research in Belarus, Bosnia and Herzegovina, Bulgaria, Georgia, Iraq, Kazakhstan, Kyrgyzstan, Macedonia, Moldova, Mongolia, Romania, Russia, Serbia, Ukraine and Uzbekistan and in a number of international research projects related to monetary and fiscal policies, currency crises, EU and EMU enlargement, and the political economy of transition. Jacek Rostowski is Professor of Economics at the Central European University, Budapest, Adviser to the CEO of Bank Pekao, Warsaw, a Member of the CASE Foundation Council, Senior Fellow at CASE, and an Associate of the International Economics Program at the Royal Institute of International Affairs, London. During 1997-2001 he was Chairman of the Macroeconomic Policy Council at the Polish Ministry of Finance and during 2002-4 he was Adviser to the Governor of the National Bank of Poland. He has also advised on the transition from communism in Belarus, Latvia, Russia, Serbia and Ukraine. He has published widely on monetary and financial systems and on the macroeconomics of transition.

• When Should the New Member States Join EMU?.- The Exchange Rate: Shock Generator or Shock Absorber?.- Do the New Member States Fit the Optimum-Currency-Area Criteria?.- EMU Enlargement and Trade Creation.- Future EMU Membership and Wage Flexibility.- Exchange Rate Regimes and Nominal Convergence.- EMU Enlargement and the Choice of Euro Conversion Rates.- The Short-Run Macroeconomic Effects of Discretionary Fiscal Policy Changes.- How to Reform the Stability and Growth Pact.- Uneven Growth in a Monetary Union.- ECB Decision-Making in an Enlarged EMU.- A Strategy for EMU Enlargement.