In the wake of monetary integration in Europe, Austria abandoned the tested hard currency policy (HCP) for joining EMU as a member. The final target of monetary policy and real sector adjustment needs are similar in both regimes, and the HCP may therefore be viewed as a convenient "training...

This paper consists of two distinct, yet connected parts. In a previous paper an overview of Roma history in Austria has been presented (Leoni, 2004). The present study can be regarded as a case study that integrates this earlier paper with empirical information1. The largest Austrian Roma...