obligate Scotland to eventually join the euro common currency. If Scottish home prices were not highly cohesive with those in … euro zone countries, the ECB's monetary policy could cause major disruptions for Scottish housing, and, by extension, the … Scottish economy. As an example, if most euro-country home values were rising, but those in Scotland were falling, the ECB …

shocks. The welfare gains of a small country joining the eurozone depend on the extent to which the benefits (if existent) of … the EMU, in no case should cutbacks be made for small countries concerning the stability requirements. -- Euro ; European …

depreciation of the domestic currency. Given the above conclusions the euro introduction in Croatia may be seen as a desirable …

euro, this scenario changed and the apparent success story revealed a more disappointing outcome. For several years, output …. This paper reviews the Portuguese experience with the euro and analyses how EMU may have affected economic performance. It … leading to the adoption of the euro …

economic crisis. The ongoing financial crisis has made euro adoption more attractive than ever and put it on the top of the … country’s policy agenda. However, shocks affecting Estonia are only weakly synchronized with those of the euro area, and the … structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen …

the euro adoption. We start from identifying booms and busts in private consumption and investment in fourteen 'old' EU …

economic implications, have become more evident in the global economic crisis. The euro has served as a shield during the … made the euro more attractive, and most EU countries that are not yet members of EMU are expected to join during the next …

The present paper is concerned with the prospect of euro adoption in Romania. The study starts from the relevant … that there is room for the conduct of macro policies to become more supportive to the process of euro adoption and that the …

(ERM2) and hence their adoption of the euro. Our empirical results support the following recommendations: authorities need …) consider adopting fiscal rules. Therefore, the countries with serious fiscal problems should not rush to enter the Eurozone …

before a formal and permanent link to the euro, while real convergence is the ultimate objective of economic integration …. Novel features of the paper include broader measures of real convergence in both euro as well as local currencies, an …