readiness for euro adoption. The second aim is to examine whether the introduction of the euro in 1999 and the decision of the … countries to seek to join the euro area created any forces fostering their convergence, evidence which would be in line with the … theory on the endogeneity of the OCA criteria. Our findings indicate that the introduction of the euro did promote …

sovereign bailouts -- in the euro-area that would have reduced members’ external imbalances. This situation contrasts sharply …

Vienna. It was co-sponsored by the Oesterreichische Nationalbank and the Bank of Greece, and jointly organized by Eduard … being made available to a broader audience in the Working Paper series of the Bank of Greece and simultaneously also in the … were issued as Bank of Greece Working Papers No. 39 to 43.) This Working Paper contains two papers on the topic “What About …

Vienna. It was co-sponsored by the Oesterreichische Nationalbank and the Bank of Greece, and jointly organized by Eduard … being made available to a broader audience in the Working Paper series of the Bank of Greece and simultaneously also in the … Bank of Greece Working Paper No. 39.) In addition to the paper by Sven Arndt, the Working Paper also contains the …

imbalances succeeded in preserving the stability and integrity of the euro area. While the priority given by the EU policy action …

member states, in particular that of Greece, in the 1990s which led to the adoption of the euro. From this analysis, a number … of lessons are drawn which may be useful, in the light of enlargement, to future candidates for euro area membership in …