IMF Working Paper: Macroeconomic Challenges with EU Accession in Southeastern Europe: An Overview
This aper was presented at a conference on “Countries in Transition: Experiences and Challenges of European Union Membership,” in Sofia, Bulgaria, November 18–19, 2005 organized by LAREfi Universite Montesquieu Bordeaux and Sofia University.
The paper reviews key macroeconomic challenges with EU accession in Southeastern Europe (SEE). Most of the countries in the region are years away from EU accession and need substantial progress to meet the key macroeconomic criteria - the establishment of a functioning market economy and macroeconomic stability. It is stated that the main challenges with establishing macroeconomic stability in other countries are related to sustainability of their monetary frameworks, risks from rapid financial deepening, and further fiscal consolidation to support growth and stabilisation.
The paper reviews key macroeconomic challenges with EU accession in Southeastern Europe (SEE). Most of the countries in the region are years away from EU accession and need substantial progress to meet the key macroeconomic criteria - the establishment of a functioning market economy and macroeconomic stability. It is stated that the main challenges with establishing macroeconomic stability in other countries are related to sustainability of their monetary frameworks, risks from rapid financial deepening, and further fiscal consolidation to support growth and stabilisation.
Citation
Sorsa, Piritta (2005): IMF Working Paper: Macroeconomic Challenges with EU Accession in Southeastern Europe: An Overview. Available from: http://www.imf.org/external/pubs/ft/wp/2006/wp0640.pdf, accessed 23.5.2006.
Language
English
Publication Year
2005
Source
IMF
Geographical focus
- SEE
Attachments
Related users
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Entry created by Elke Dall on May 24, 2007
Modified on May 24, 2007
