the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for … was handed over to the European Central Bank. A voluntary rejection of monetary national independence and transition to ….SUMMARYBy establishing the Economic and Monetary Union (EMU) and the European Central Bank the EU made an important step towards finalization …

European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … firmspecific.We also find that post-euro, Eurozone firms' exchange exposure is significantlygreater than that of non-Eurozone …Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone …

als einzig konstanter Einflußfaktor die Fokussierung einer Bank Effizienzunterschiede erklären kann. Aufbauend auf diesen … ausländischen Bank in Deutschland bieten. Vorangegangene Arbeiten zum strategischen Bankmanagement befassen sich in diesem …

entry to the euro. We derive conditional probability distributions for the difference between the future realisations of …, Pesaran and Smith (2005). The paper briefly describes the GVAR which has been estimated for 25 countries and the euro area … euro area as a result of entry. It examines the sensitivity of these results to a variety of assumptions about UK entry. …

after the introduction of the euro for the EMU countries asopposed to the non-EMU countries. I do not obtain strong evidence … supporting PPP forthe EMU countries since the euro adoption, but the faster mean reversion I observe inthe few EMU countries …) countriesthat adopted the euro, and 3 non-EMU countries] from 1993 to 2002 using a dynamicpanel data model. My main contributions to …

degrees of credible monetary conservatism. The emerging literature synthesizes and extends theory and empirics on central bank … many member countries, the nominal gains from monetary-policy delegation to a credibly conservative European Central Bank …

exchange rate stability constraints imposed by the obligatory participation in the ERM2 on the path to the euro. The modified … policy framework is based on targeting the differential between the domestic and the implicit euro area inflation forecasts …. The exchange rate stability objective enters the central bank reaction function and is treated as an indicator variable …

Straipsnyje nagrinėjamos galimos euro įvedimo Lietuvoje pasekmės bei euro įvedimo strategija. Nurodomi svarbiausi … istoriniai Europos integravimosi momentai, vedę prie Europos pinigų sąjungos susikūrimo. Aptariama tarptautinė euro reikšmė bei … bendrosios valiutos privalumai bei trūkumai. Aptariama Lietuvos strategija bei būtinos priemonės euro įvedimui. …