Society and Economy
Volume/Issue:
Volume 39: Issue 1
The Euro and Central Europe (from points of view of monetary integration maturity)
Author:
Tibor Palankai Emeritus Professor of Corvinus University of Budapest

Search for other papers by Tibor Palankai in
Current site
Google Scholar
PubMed Close
Pages:
1–25
Online Publication Date:
Mar 2017
Publication Date:
01 Mar 2017
Article Category:
Research Article
DOI:
https://doi.org/10.1556/204.2017.39.1.1
Keywords:
Euro and Central Europe; monetary maturity; diverging interests; attitudes; policies; prospects; F2; F3
Restricted access

The paper discusses the frameworks and development of the introduction of the Euro in Central Europe, with a focus on pre-entry countries (Czechia, Hungary, Poland, Romania and Croatia). The main elements of monetary integration maturity are the state of real-integration (possibilities of large saving in transaction costs), meeting the criteria of functioning market economy and the single market; macro-economic stability and meeting the Maastricht criteria; and shortcomings of absorption (integration) capacities of the EU. Controversial questions are also discussed, such as requirements concerning inflation, the budget deficit or exchange rate stability. The paper argues that the countries under scrutiny show diverging courses of action and policies, public support is also unclear, and the interests of TNCs and political elites contradict each other. Cultural, legal, security or emotional factors will pay a key role in eventual adoption, and prospects also depend on the solution of the current debt and migration crises.

  • Benczes, I. – Jensen, J. – Kengyel, Á. – Kutasi, G. – Miklós, G. – Nagy, S. G. – Palánkai, T. (2014): Economics of Global and Regional Integration. Budapest: Akadémiai Kiadó.

    • Search Google Scholar
    • Export Citation

  • Czech National Bank (2011): Analyses of the Czech Republic’s Current Economic Alignment with the Euro Area. Prague: CNB.

  • Dandashly, A. (2012): Domestic politics Comes First – Euro Adoption Strategies in Central Europe: The Cases of Czech Republic, Hungary and Poland. PhD dissertation, submitted to the Department of Political Sciences, University of Victoria.

    • Search Google Scholar
    • Export Citation

  • Dandashly, A. – Verdun, A. (2009): The Domestic Politics of Euro Adaptation in the Czech Republic, Hungary and Poland. Paper delivered at the 2009 American Political Science Association (APSA) Annual Meeting, Toronto, Ontario, Canada. September 3-6.

    • Search Google Scholar
    • Export Citation

  • ECB (2004): Convergence Report 2004. Frankfurt: European Central Bank

  • ECB (2010): Convergence Report 2010. Frankfurt: European Central Bank

  • Eurobarometer (2015): Introduction of the Euro in the Member States that have not yet Adopted the Common Currency. Flash Eurobarometer 418.

    • Search Google Scholar
    • Export Citation

  • European Commission (1990): One Market, One Money. European Economy 1990: 17–18.

  • European Commission. (2008): EMU@: 10Successes and Challenges after 10 Years of Economic and Monetary Union. Brussels: European Commission

    • Search Google Scholar
    • Export Citation

  • European Commission (2014): European Economy. Brussels: European Commission.

  • European Commission (2015): Eurobarometer Surveys 2015. Brussels: European Commission.

  • European Council (1995): Single Market for Enlargement. White Paper on the Single Market presented in Cannes, June 1995.

  • Eurostat (2011): Europe in Figures. Eurostat Yearbook 2009. Brussels: European Commission.

  • Eurostat (2012): Statistical Books. Brussels: European Commission.

  • Eurostat (2014): Europe in Figures, Eurostat Yearbook 2014. Brussels: European Commission.

  • Hungarian National Bank (2001): A forint útja az euróhoz [The Forint’s road to the Euro]. Budapest: Hungarian National Bank.

  • Integration Secretariat of Foreign Ministry of Hungary (1997): Agenda 2000. The Opinion of European Commission on Hungary’s Application to EU Membership. Budapest: Ministry of Foreign Affairs.

    • Search Google Scholar
    • Export Citation

  • Mundell, R. A. (1964): Tariff Preferences and the Terms of Trade. The Manchester School of Economic Studies 32.

  • Neményi J. (2003) Az euro bevezetésének feltételei Magyarországon [The conditions of introducing the euro in Hungary]. Közgazdasági Szemle 50: 479–504.

    • Search Google Scholar
    • Export Citation

  • Notre Europe (2013): European Public Opinion. Facing the Crisis (2007-2013). Policy Paper 90.

  • OECD (2012): International Direct Investment Database. http://www.oecd-ilibrary.org/finance-andinvestment/data/oecd-international-direct-investment-statistics_idi-data-en, accessed 26 September 2016.

    • Search Google Scholar
    • Export Citation

  • Padoa-Schioppa, T. (1989): The EMS: Long-Term View. CEFR.

  • Palánkai T. (2004): Economics of Enlarging European Union. Budapest: Akadémiai Kiadó.

  • Palánkai T. (2005): A magyar gazdaság és társadalom integráció-érettsége, integrációs képessége és felkészültsége címu kutatás: zárótanulmányok. [Integration maturity, integration capacities of Hungarian Economy and Society]. Budapest: Budapesti Corvinus Egyetem.

    • Search Google Scholar
    • Export Citation

  • Palánkai T. , (2006): Európai Unió kapujában: perspektívák és elvárások. Nemzetközi konferencia [At the Gates of the EU: Perspectives and Expectations. International Conference]. Koszeg: ISES.

    • Search Google Scholar
    • Export Citation

  • Prague Post/The Voice of Prague (2014): The Czechs and the Euro.

  • Prague Post/The Voice of Prague (2014): Euro by 2017?

  • Sobczyk, M. (2012): Euro’s Popularity Hits Record Low in Poland. The Wall Street Journal

  • Verdun, A. (2010): Euro Adoption Strategies in Poland. In: Dandashly, A. — Surdej, A. — Tendera-Właszczuk, H. (eds) Global Financial Crisis and Euro Zone Enlargement. Toruń : Wydawnictwo Adam Marszałek.

    • Search Google Scholar
    • Export Citation
  • Collapse
  • Expand
Cover Society and Economy
Society and Economy
Print ISSN:
1588-9726
Online ISSN:
1588-970X

Editor-in-chief: Balázs SZENT-IVÁNYI

Co-Editors:

  • Péter MARTON (Corvinus University, Budapest)
  • István KÓNYA (Corvinus University, Budapest)
  • László SAJTOS (The University of Auckland)
  • Gábor VIRÁG (University of Toronto)

Associate Editors:

  • Tamás BOKOR (Corvinus University, Budapest)
  • Sándor BOZÓKI (Corvinus University Budapest)
  • Bronwyn HOWELL (Victoria University of Wellington)
  • Hintea CALIN (Babeş-Bolyai University)
  • Christian EWERHART (University of Zürich)
  • Clemens PUPPE (Karlsruhe Institute of Technology)
  • Zsolt DARVAS (Bruegel)
  • Szabina FODOR (Corvinus University Budapest)
  • Sándor GALLAI (Corvinus University Budapest)
  • László GULÁCSI (Óbuda University)
  • Dóra GYŐRFFY (Corvinus University Budapest)
  • György HAJNAL (Corvinus University Budapest)
  • Krisztina KOLOS (Corvinus University Budapest)
  • Alexandra KÖVES (Corvinus University Budapest)
  • Lacina LUBOR (Mendel University in Brno)
  • Péter MEDVEGYEV (Corvinus University Budapest)
  • Miroslava RAJČÁNIOVÁ (Slovak University of Agriculture)
  • Ariel MITEV (Corvinus University Budapest)
  • Éva PERPÉK (Corvinus University Budapest)
  • Petrus H. POTGIETER (University of South Africa)
  • Sergei IZMALKOV (MIT Economics)
  • Anita SZŰCS (Corvinus University Budapest)
  • László TRAUTMANN (Corvinus University Budapest)
  • Trenton G. SMITH (University of Otago)
  • György WALTER (Corvinus University Budapest)
  • Zoltán CSEDŐ (Corvinus University Budapest)
  • Zoltán LŐRINCZI (Ministry of Human Capacities)

Society and Economy
Institute: Corvinus University of Budapest
Address: Fővám tér 8. H-1093 Budapest, Hungary
Phone: (36 1) 482 5406
E-mail: balazs.szentivanyi@uni-corvinus.hu

Indexing and Abstracting Services:

  • CABELLS Journalytics
  • DOAJ
  • International Bibliographies IBZ and IBR
  • International Political Science Abstracts
  • JSTOR
  • SCOPUS
  • RePEc
  • Referativnyi Zhurnal

 

2024  
Scopus  
CiteScore  
CiteScore rank  
SNIP  
Scimago  
SJR index 0.26
SJR Q rank Q3

2023  
Scopus  
CiteScore 1.5
CiteScore rank Q2 (Sociology and Political Science)
SNIP 0.496
Scimago  
SJR index 0.243
SJR Q rank Q3

Society and Economy
Publication Model Gold Open Access
Submission Fee none
Article Processing Charge 900 EUR/article with enough waivers
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Sufficient number of full waiver available. Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription Information Gold Open Access

Society and Economy
Language English
Size B5
Year of
Foundation		 1972
Volumes
per Year		 1
Issues
per Year		 4
Founder Budapesti Corvinus Egyetem
Founder's
Address		 H-1093 Budapest, Hungary Fővám tér 8.
Publisher Akadémiai Kiadó
Publisher's
Address		 H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher		 Chief Executive Officer, Akadémiai Kiadó
ISSN 1588-9726 (Print)
ISSN 1588-970X (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
Nov 2024 25 0 0
Dec 2024 35 0 0
Jan 2025 24 0 0
Feb 2025 35 0 0
Mar 2025 38 0 0
Apr 2025 11 0 0
May 2025 0 0 0