Accession into euro area is conditioned (among others) by stable low inflation rate and stable currency exchange rate …. Experience resulting from the first wave of euro area members shows temporary limitation of capital flow, or loss of autonomous …

Czech Republic to adopt the euro. Deficiency of the public finance has deepened and catch-up of the euro area price level … has slowed down. The financial crisis and the recession have therefore complicated adoption of the euro and have delayed … whether the financial crisis and the recession have influenced the expected benefits of the euro adoption. The interconnection …

succeeded in many areas. The euro was launched without serious problems and since then the European Central Bank has managed to … achieve a low inflation rate in the whole euro area. The European Union and the euro experienced the world economic crisis in … monetary policy and the euro area and also for the whole integration process. In our paper we will proceed from the Optimal …

. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …

Dollar/Euro exchange rate from the inception of the Euro in 1999 to the end of 2007. The major result of the paper is that … coefficients on inflation and the real economic activity measure are constrained to be the same for the U.S. and the Euro Area and …

euro. This anniversary is the occasion to evaluate whether the promises regarding the euro were kept. Various studies …-operation. Ten years after the creation of the euro, the bursting of the real estate bubble in certain countries of the zone and the …

currency. In this paper, we empirically assess this hypothesis for the euro area countries and a group of control countries …

Eurozone members are supposedly constrained by the fiscal caps of the Stability and Growth Pact. Yet ever since the … birth of the euro, members have postponed painful adjustment. Wishful thinking has played an important role in this failure …. We find that governments’ forecasts are biased in the optimistic direction, especially during booms. Eurozone governments …