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 …

Währungsunion durch die Errichtung des Euro-Währungsraumes.Im ersten Teil der Dissertation wird theoretisch gezeigt, dass Currency … establishment of the Euro-currency area in 1999.In the first part of my thesis, it is shown that a currency board solves the time … differentials have been sizeable and persistent since the introduction of the Euro in 1999. In a micro-founded two-region model, the …