prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be … as the Stability and Growth Pact which govern the euro. The authors propose alternative policy and institutional … arrangements within which the euro should be embedded. They demonstrate that these would have the benefits of a single currency …

integration of Czech, Hungarian and Polish bond markets with the Euro area bond market : a deja-vu of the Club-Med convergence … Schumpeter to be rediscovered? / Peter Mooslechner -- The impact of the euro on investment : sectoral evidence / Tomas Dvorak … / Christoph Duenwald, Nikolay Gueorguiev and Andrea Schaechter -- The 'New Europe' household lending market / Fabrizio Coricelli …