This book combines currency matters with competitiveness considerations, with a view to raising the understanding of …pt. 1. How currency and competitiveness contribute to growth and stability -- pt. 2. Understanding exchange rates -- pt …

EMU is not an optimal currency area, asymmetric shocks affecting each country differently could be critical to its future …

This important new book provides a non-technical, comprehensive overview of the central issues surrounding the euro … process that led to the creation of the euro area. The book then explores the economics and architecture of the euro …ch. 1. The Euro and the origins of European integration -- ch. 2. Before the Euro : the first steps in the process of …

distinguishes between national and supranational currency areas, and an optimal currency area theory. The gradualist transition …

currency -- pt. 4. The impact upon external relations …

first analyse the development of the euro area from a historical perspective. They then examine the criteria for the first … been a year later. The authors go on to examine purely macroeconomic aspects of the euro area including: * the degree of … real convergence in the euro area * the short-run and long-run determinants of the euro area's current account * the euro …

Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization …

Schumpeter to be rediscovered? / Peter Mooslechner -- The impact of the euro on investment : sectoral evidence / Tomas Dvorak … integration of Czech, Hungarian and Polish bond markets with the Euro area bond market : a deja-vu of the Club-Med convergence …

in emerging countries, international capital markets and regional currency areas; EMU and the euro; exchange rate regimes … currency area projects in the context of financial globalization. The authors focus on several central issues that emerged … during the experiences of the 1990s and 2000s: exchange rate regimes and optimal currency area theory; exchange rate regimes …