the implications of this for wage policy in the Euro zone. …

they entered the euro-area there was no depreciating evolution with a trend to currency crisis at all. Fundamental …, appreciating exchange rate overshooting or advancing the date of the euro conversion). The second generation models of currency …

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 …

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 …

Starting from 1999 sixteen countries have adopted euro as a single currency. Considering that the Maastricht Treaty … stipulates that all the European Union countries must adopt euro once they meet the requirements stipulated it is not a question … of “if to join the euro area”, but rather of “when”. Therefore adopting euro currency is not and it should not be a …

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 …