Overvalued or undervalued Euroland entry?

Jens Hölscher, Mariusz Jarmuek

Research output: Contribution to journalArticlepeer-review


Abstract This study addresses the question of the conversion rate upon joining the European Union with respect to the accession countries of Eastern Europe. The article argues in favour of an undervalued exchange rate in order to promote income generation in the new member countries. For this purpose a strategy of managed float is proposed. Countries not having the preconditions to pursue such a strategy should adopt a currency board arrangement.
Original languageEnglish
Pages (from-to)235-250
Number of pages16
JournalPost-Communist economies
Issue number2
Publication statusPublished - Jun 2005


  • Marxism & Communism
  • Russia -The Former Soviet Union & East European Studies


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