able to replicate key features of the data prior to and under EMU.We find that the euro has a strong bearing on the …In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …

able to replicate key features of the data prior to and under EMU.We find that the euro has a strong bearing on the …In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …

pt. 1. The stability merits of the euro -- pt. 2. A case for rapid euro adoption? -- pt. 3. The euro area- a shelter …? Euro assets- a safe haven? -- pt. 4. Lessons- from euro area divergences, and from the crisis -- pt. 5. Post …

We examine whether the introduction of the euro had a significantly positive impact on the synchronization of business … cycles among members of Economic and Monetary Union (EMU) which might arise due to the lack of country-specific monetary … policy shocks in the euro area. Empirical evidence on this relationship is rare so far and su ers from methodical weaknesses …

Economic and Monetary Union (EMU) has changed the monetary policy regime applicable in Austria in many respects, but … the stability orientation of Austria's monetary policy has been maintained. EMU's institutional framework and the actual … policymakers or institutions, an approach Austria had already followed under the hard currency regime, was maintained under EMU …

This paper estimates the readiness of the Accession Countries of Central and East Europe for EMU or for unilateral …

This paper estimates the readiness of the Accession Countries of Central and East Europe for EMU or for unilateral …