This essay will evaluate the experience of the first decade of EMU and the euro in historical perspective. It will … ground the establishment of EMU and the euro in the context of the history of international monetary cooperation and of … arrangements will serve as a backdrop for an evaluation of the euro's performance and challenges in future decades. The essay will …

The paper examines the implications of EMU for world macroeconomic and financial stability, distinguishing EMU effects … from other global factors at work. It concludes that EMU is having on the whole stabilising effects on the world economy …

The thesis of this paper is that there is no historical precedent for Europe's monetary union (EMU). While it is …, and had “union†as part of their names, EMU differs from these earlier monetary unions. The closer one looks the more … parallels between EMU and monetary unions past are more likely to mislead than to offer useful insights. Where history is useful …

euro is undertaken, with comparisons drawn between countries that are EMU members and non-EMU members. There are several …This study addresses and evaluates the impacts of the introduction of the euro on both actual and potential output and … channels through which the euro may have affected growth and employment: greater transparency and its impact on competitiveness …

gradually in the course of the last 15 years in EMU countries, as well as the UK, the US and the German Lander. The euro, as …Study on sovereign bond market integration and the role of the euro, trading platforms and globalisation. We … disentangle different driving factors of sovereign bond market integration by studying yield co-movements of EMU countries, the UK …

We investigate the impact of EMU on macroeconomic volatility. The volatilities of inflation and nominal interest rates … reasons unrelated to EMU (the “great moderationâ€), we focus on the volatilities of bilateral differences in growth rates … (or changes). Pairs of EMU countries have experienced the greatest fall in consumption volatility, followed by pairs in …

and Monetary Union (EMU). This paper systematically analyzes 101 reform proposals presented by professional academic and … background of its author(s), the main aim attached to fiscal policy coordination in the EMU, the timing of the proposal and the …

permanently their exchange rate vis-à-vis the euro at a given parity,  exchange rate stability prevents unilateral changes in the …

EMU a good or bad thing?", usually adopting the paradigm of optimum currency areas as their main analytical vehicle, (b …

This essay follows the synergies and complementarities between European Economic and Monetary Union (EMU) and the … strengthened this consideration. Yet there is still no simple OCA test. When EMU made the leap to the Maastricht Treaty, the OCA … theory could not deliver clear policy guidance. Plans for EMU went ahead as a follow-up of the Single Market Programme (SMP …