A withdrawal of a member state from the EMU due to market pressure has been a rather popular topic in the public debate … the report, the effects of the potential withdrawal of Greece, one of the weakest economies in the EMU, is studied first …

particularly interesting testing ground for the benefits of the EMU. The average growth rates were rather similar before the Great … fared somewhat better than Finland in the EMU period. We assess the effects of the regime choice by simulating the behaviour … joined the EMU in 1999. The simulation exercise suggests that the independent monetary regime reduced the impact of the …

) by specifying an open-economy version of a two-region New Keynesian model for EMU and demonstrate that the result by … EMU and sustainability in the case, prevailing currently, where a high debt country should both restore its …

In this paper we study Finland`s way to the Economic and Monetary Union (EMU) and her economic development as a member … of the EMU. First, we describe the economic background of the membership and the arguments presented in research and …, and fiscal policy. Finland is analysed in the context of other EMU and EU countries, so the paper includes comparisons …

the EMU countries. In the one-country model we obtain a priori results. In the case of the two-country model, we calculate …

The paper considers whether Sweden should join the EMU as based on general equilibrium (GE) effects through reduced … estimated in the paper, and the estimates of trade barriers linked to EMU reached in the literature. First, we present an … Swedish entrance into EMU. The effects are quite clearly in favour of EMU enlargement, and do not indicate a trade diver …