emerging in the context of EMU and the euro are considered in terms of their impacts on the level of economic activity. At the …

The initial introduction of the euro has, against many expectations, been accompanied by a decline in the value of the … euro (notably vis-à-vis the dollar and sterling). It has also been introduced at a time of high levels of unemployment … the euro, specifically from the policy and institutional arrangements within which the euro is embedded. It is the …

, two of which could qualify as "crises." First, the euro was launched at a time when unemployment levels were high (10 … surround the operation of the euro, notably the objectives of the European Central Bank and the workings of the Stability and …, the introduction of the euro and the associated institutional setting could well serve to exacerbate tendencies toward …