product market. The adoption of the Euro does not seem to have accelerated labor market reforms in the "primary labor market …This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms … theoretical arguments that may link the adoption of the Euro and structural reforms, we investigate the empirical evidence. We …

The possibility that the euro area might break up was being raised even before the single currency existed. These … scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various … unlikely, I argue here, that one or more members of the euro area will leave in the next ten years; total disintegration of the …

nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …

Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market …

a free market zone with common external trade policy. We conjecture that the resulting allocation may be partly …

As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is … no country face a deflation. This minimum aggeragate inflation rate is 0.94% in the euro-11 countries and 1.13% in an …

This paper reconsiders the 1992-3 crisis in the European Monetary System in light of its emerging market successors … market crisis as much as they do the moderate effects of the typical industrial-country event of its kind to take place in an …