shocks. The welfare gains of a small country joining the eurozone depend on the extent to which the benefits (if existent) of … the EMU, in no case should cutbacks be made for small countries concerning the stability requirements. -- Euro ; European …

depreciation of the domestic currency. Given the above conclusions the euro introduction in Croatia may be seen as a desirable …

euro, this scenario changed and the apparent success story revealed a more disappointing outcome. For several years, output …. This paper reviews the Portuguese experience with the euro and analyses how EMU may have affected economic performance. It … leading to the adoption of the euro …

economic crisis. The ongoing financial crisis has made euro adoption more attractive than ever and put it on the top of the … country’s policy agenda. However, shocks affecting Estonia are only weakly synchronized with those of the euro area, and the … structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen …

the euro adoption. We start from identifying booms and busts in private consumption and investment in fourteen 'old' EU …

Such an exceptional event as the creation of the EMU and the euro has not had happened never before. The most common … challenges concerning EMU and the euro are: fiscal policy making, monetary policy making, euro area being a non-optimal currency … what are the chances for the euro to preserve its influence and to combat inflation after accession of ten new member …

(ERM2) and hence their adoption of the euro. Our empirical results support the following recommendations: authorities need …) consider adopting fiscal rules. Therefore, the countries with serious fiscal problems should not rush to enter the Eurozone …