Christodoulakis, Nicos - Česká Národní Banka - 2008
outside the EMU as a result of reduced exchange rate volatility, more integration and better institutional functioning. On the … that convergence has been fading since the EMU was initiated in 1999. Another worrying development in the Eurozone is the … surpluses. Although both groups of countries have attracted increased FDI flows after EMU, there seems to be a sharp …