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Joining the Euro Area: Euro Adoption Policies since 2004

Europe (Central and Eastern)
Comparative Politics
Political Economy
Euro
Domestic Politics
Eurozone
Assem Dandashly
Maastricht University
Amy Verdun
Leiden University
Assem Dandashly
Maastricht University
Assem Dandashly
Maastricht University
Amy Verdun
Leiden University

Abstract

This paper seeks to understand euro adoption policies in the ten member states that joined the European Union (EU) in 2004. It adopts a domestic politics approach to explain the different policies in the different member states. The paper concludes that the willingness of the government, a weak opposition, a central bank that is favourable to euro adoption and the lack of domestic institutional veto points are necessary conditions for a fast euro adoption. *Assem Dandashly Maastricht University, Department of Political Science, Po Box 616, Maastricht, The Netherlands, NL-6200 MD (assem.dandashly@maastrichtuniversity.nl); Amy Verdun University of Victoria, Department of Political Science, Po Box 1700 Victoria BC, Canada V8W 2Y2 (averdun@uvic.ca) (author for correspondence). This paper is part of a larger research project funded by a SSHRC grant held by Amy Verdun.