currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU … adjustment, the adjustment to a price shock in EMU might take several decades. …

economic development. As capital inflows from the North dried up, the highly indebted southern euro countries running large … ‘euro crisis’ with a series of institutional adjustments including the hitherto unwanted bail-out opportunities fo... …

adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability … currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU …

This study presents a cost-benefit analysis of euro adoption for the case of Bulgaria. Based on a review of existing … similar studies for other East European EU member states, it outlines the basic types of potential costs and benefits of euro … important nuances which may be of relevance for the analysis of euro adoption in Eastern Europe in general. …