The book "Inclusion of Central European Countries in the European Monetary Union" offers a comprehensive analysis of the challenges and opportunities facing Central and Eastern European countries in the context of the European Economic and Monetary Union (EMU). It highlights the economic theories and debates surrounding the optimal currency area, the costs and benefits of the EMU, as well as the mechanisms of adjustment within a currency union. The authors, Paul C. de Grauwe and Vladimir Lavrac, examine the specific conditions and timeline under which these countries are expected to join the EMU. The book fills a significant gap in the existing literature by focusing on the relevant issues that are important for the Central and Eastern European candidate countries and analyzing their relationship to the EU accession process.