, but also outside, the euro area. Despite less asymmetry in shock asymmetry since 1999, new statistical tests support the …

Euro cash changeover in 2002. The deviation of national log prices from the mean log price of the same product is much … narrower with the Euro than before. We observe Sigma and Beta convergence, i.e. prices do not differ systematically between …

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 …

euro area should be met “as soon as possible”. However, the original date of 1 January 2010 has been cancelled, without … state of organisational and legislative preparations for the introduction of the euro is also well under way. Thus the … postponement of the adoption of the euro has become a political rather than economic issue. …

This paper first describes the ingredients the present crisis in the euro zone and then evaluates the key options that … was involved as well. I argue that a more fundamental problem is that the euro zone lacks an adjustment mechanism for …

the euro which has shown the weaknesses of the European institutions and stressed the heterogeneity of member countries …. The global financial crisis struck the euro area very severely because it coincided with the lack of appropriate policy … euro. In the following section it describes the euro crisis and examines the remedies put in place, noting that despite the …

of a future Europe without the Euro as state of political and economic marginalisation. I am contrasting this vision by … demanding European values and civic duties that make the common currency Euro sustainable: solidarity among Europeans and … Euro als Zustand von politischer und wirtschaftlicher Bedeutungslosigkeit. Dagegen stelle ich europäische Werte und …