The paper covers seven transition countries the Czech Republic, Hungary, Poland, Slovakia, Slovenia, Bulgaria and …

some moderate slowdown in Romania, Bulgaria, Croatia, Hungary, Slovenia and Slovakia. A definite growth slowdown was only … competitiveness. In 2003 the task of enhancing competitiveness benefited from the strengthening of the euro vs. the US dollar, which … happened to coincide with the real depreciation of some accession countries' currencies vs. the euro. Apart from the beneficial …

Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia. A challenge to the enlarged Union's (EU … cohesion has thus become a much more arduous undertaking. Enlargement of the euro zone poses another challenge. Of the NMS-8 …

, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We …

Foreign exchange reserve accumulation has risen dramatically in recent years. The introduction of the euro, greater … currencies. Making various assumptions on expected currency returns and the variance-covariance structure, we assess how the euro …-free) currency. (ii) The optimum portfolios show a much lower weight for the euro than is observed. This suggests that the euro may …