01845cas a2200241 a 4500 AALejournalIMF012920 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589063501 0251-6365 BD-DhAAL BD-DhAAL International Monetary Fund. Adopting the Euro in Central Europe : Challenges of the Next Step in European Integration. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (148 pages) Occasional Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request permission to do so). For most of these countries, adopting the euro will entail major economic change. This paper examines likely economic developments and policy challenges for the five former transition countries in central Europe--the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia--that joined the European Union in May 2004 and operate under independent monetary policies but have not yet achieved policy convergence with the rest of the euro area. Mode of access: Internet Occasional Papers; Occasional Paper ; No. 2005/004 Full text available on IMF http://elibrary.imf.org/view/books/084/00158-9781589063501-en/00158-9781589063501-en-book.xml IMF e-Library