Traditionally clustered around one leading "hegemonic" world currency, with the introduction of the euro the … in the international consequences of the introduction of the Euro and analyzes the costs and gains from cooperation in …

of EMU). Second it reviews how ERM2 is conducive to future euro-zone membership of the accession countries. From the … "outs" to fulfill the convergence criteria, and whether in this case "ins" open the door for the "outs" to enter the euro … of the Central and Eastern European accession countries to the euro area. In order to overcome these pitfalls the author …

analyzes the price gap between Austria and its major trading partners Germany and Italy. Within the euro area (the 11 founder … members), price level convergence has been found to have occurred primarily in the run-up to the launch of euro banknotes and …-visual, photographic and information processing equipment, did price levels continue to converge across the euro area countries also after …

The establishment of the ECB and with it the launch of the euro has arguably been a unique endeavor in economic history …