have converged at faster rate than those of NON EMU countries. This outcome canbe interpreted as a combination of the … significantly increased after EMU inception, pointing toward an exclusive role for convergence in investment barriers. …

flexibility in EMU and attempts to draw a few lessons from the experience of the early years. First, we set the stage for the …

‘Pact for the Euro’, to design the new governance of European Monetary Union (EMU), can be considered a necessary though …

especially for the countries of the euro area after entering the European Monetary Union (EMU). Therefore, the aim of this paper … is to evaluate the activity of the fiscal policy before and after the entrance to the euro zone for each individual EMU … states became more expansionary in the period after entering the EMU. Moreover, these preliminary findings were partly …

States with that of the EMU. In addition, it considers the contrasts between the large and the small EMU countries as regards … several aspects of the new economy in the United States and the EMU, i.e. spending impulses in combination with more scope for …

The EMU assigns a very marginal role to economic policy and relies on the leading idea that, if prices are kept … weakened for monetary policy. The paper finally states that the EMU’s rigid rules for both fiscal and monetary policy have …

The EMU governance has showed to be incapable of an effective crisis management following the global downturn. The … recent decisions by European Council taken in March 2011, named the ‘Pact of the Euro’, to design a new governance of the EMU … future of the EMU. Moreover this contribution evaluates critically the new governance of the EMU and the economic policy …

Council, named the ‘Pact for the Euro’, to design a new governance of the EMU, can be considered a fairly significant step for …