In this paper we look at business cycles similarities between CEE countries and the euro area. Particularly, we uncover …-in (GDP-to-inflation) and cross-country (CEECs vs. euro area) levels. Allowing for different degrees of cyclical similarity … Latvia and the euro area being at the boundary). Looking at cross-country results, almost all countries feature a fair degree …

countries in Central and Eastern Europe (CEE) and the euro area. We start off by demonstrating that the degree of … synchronization of the business cycles of CEE countries and their main trade partners from the euro area has increased in recent years …

This paper analyses the rapid trade integration of the Central and Eastern European countries (CEEC's) with the euro … integration between most of the largest CEECs and the euro area is already relatively well advanced, while some Baltic and South …

In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area …

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms … remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral … euro's impact on financial integration is primarily driven by eliminating the currency risk. Legislative …

into the euro area. This paper addresses the question of whether a reduction of public deficits, such as imposed by the … Maastricht fiscal criteria, is a necessary or useful step on the road to the adoption of the euro. The question is addressed by …

Is inflation persistence in the new EU Member States (NMS) comparable to that in the euro area countries? We argue that … mean deliver substantially higher persistence estimates for the NMS than for the euro area countries. Employing time …-varying mean leads to the reversal of this result and suggests similar or lower inflation persistence for the NMS compared to euro …