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 … exchange rate (or revaluation of central parity) is not in contradiction with Maastricht convergence criteria. …

. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the …The creation of EMU raises the question whether the common monetary policy has the same impact in all member countries … convergence of the interest rates with the full term structure of interest rates with both univariate and multivariate inference …

EMU's design is seriously flawed. Monetary union was established without political union, creating a single eurozone … a eurozone-wide monetary-fiscal policy mix capable of combining growth and employment with price stability. EMU thus …. Its exceptionally independent central bank, the ECB, sets monetary policy for the eurozone economy as a whole, but it has …

, Eurozone societies. A review of EMU's origins and first years of EMU would thus be remiss without national case studies. France … European monetary integration and EMU. …

Slovakia. Participation in the EMU (the Eurozone) will be the final step on the way of integration to the EU. The aim of this … entering the Eurozone. (Maastricht convergence criteria. Maastricht criteria and the SR. Nominal convergence of the Slovak … contribution is to give a view on the process of monetary integration of the SR to the Eurozone, to evaluate a fulfilment of the …

We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional … using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU …

We study the convergence of European bond markets and the anchoring of inflation expectations in euro area countries …) has led to substantial convergence in euro area sovereign bond markets in terms of interest rate levels, unconditional … using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU …