häufig nicht durchsetzen. Rund jedes siebte Industrieunternehmen gab in einer Umfrage des ifo Instituts an, aufgrund des Euro …. Übernahmeaktivitäten werden daher im Finanzsektor noch wesentlich ausgeprägter sein als in den meisten anderen Branchen. …

derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national … currency with the euro, but can choose when to request permission to do so). For most of these countries, adopting the euro … convergence with the rest of the euro area. …

Accession into euro area is conditioned (among others) by stable low inflation rate and stable currency exchange rate …. Experience resulting from the first wave of euro area members shows temporary limitation of capital flow, or loss of autonomous … currency policy with European Central Bank) and free capital flow were reached. Present development of the Czech economy shows …

Czech Republic to adopt the euro. Deficiency of the public finance has deepened and catch-up of the euro area price level … has slowed down. The financial crisis and the recession have therefore complicated adoption of the euro and have delayed … whether the financial crisis and the recession have influenced the expected benefits of the euro adoption. The interconnection …

succeeded in many areas. The euro was launched without serious problems and since then the European Central Bank has managed to … achieve a low inflation rate in the whole euro area. The European Union and the euro experienced the world economic crisis in … monetary policy and the euro area and also for the whole integration process. In our paper we will proceed from the Optimal …

. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …

Dollar/Euro exchange rate from the inception of the Euro in 1999 to the end of 2007. The major result of the paper is that … coefficients on inflation and the real economic activity measure are constrained to be the same for the U.S. and the Euro Area and …