determinants of FDI as market size, wage differences, high developed infrastructure and natural resources remain relevant, FDI …

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 … where PPP does hold, may signal higher market efficiency andeconomic integration in the future.The second essay investigates …

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 …. Adjustments of interest rates respond to changes in the relative inflation forecast, while foreign exchange market intervention is …

of internal market. Consumers and companies today can easily compare prices and find the most competitive suppliers in … the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …

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. …