Download or read book Selected Transition and Mediterranean Countries written by Mr.Robert Alan Feldman and published by International Monetary Fund. This book was released on 1998-06-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU). After describing the current institutional framework for their relations with the EU, the paper examines two basic categories of institutional effects: those stemming from the need to satisfy the Maastricht convergence criteria before joining the euro area, and those stemming from the need to adopt the EU’s institutional and legal provisions in the area of EMU.