Западните Балкани и еврото – различни подходи към обща цел
Western Balkans and the Euro – Different Approaches Towards a Common Goal

Author(s): Kaloyan Simeonov
Subject(s): Politics / Political Sciences, Politics, EU-Accession / EU-DEvelopment
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: European Union; Western Balkans; Integration; Euro area
Summary/Abstract: The countries from Western Balkans region have chosen the same strategic goal - the path to the EU accession which should lead in distant future to join the Euro area. Nevertheless, they have chosen different options in terms of their exchange rate and monetary policy. Serbia and Albania apply a managed float regime, Croatia - a managed float regime with limited fluctuation, Macedonia - a stabilization regime with the euro as a reference currency, Bosnia and Herzegovina apply a currency board fixed to the euro, Montenegro, and Kosovo - a unilateral euroization. All these countries, except for Albania, until recently were part of another monetary union and they shared the same currency - the Yugoslav dinar. Should they manage to join the EU and the Euro area afterwards, they would be again part of a same monetary union, sharing the same currency. Nevertheless, they have chosen different ways to achieve this strategic goal.

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