Uneven Integration: Economic and Monetary Union in Central and Eastern Europe

Abstract: Although central and eastern European states widely adopted central bank independence in the 1990s, many later baulked at meeting the Maastricht criteria and adopting the euro. We employ two key variables - regime and institutional discontinuity at the domestic level and the credibility of international institutions' policies - to explain these different responses to the requirements of economic and monetary union.

• Primary Source