This paper attempts to review the argument that EMU leads to benefits from lower exchange rate uncertainty. Two …, there is the macroeconomic question of how EMU affects uncertainty. Most of the paper is devoted to the first question. For … following facts speak against the idea that EMU will be beneficial for Swedish firms: firms can adjust to exchange rate …

European Monetary Union (EMU) to the 10 countries that obtained EU membership in 2004. One-way and two-way error component …. Using a simulation-based technique, we find that estimates of FDI effects of EMU range between 18.5% for Poland and 30% for …

The paper summarises the channels and mechanisms which lead to the emergence of macroeconomic imbalances in the EMU … before, in and after the crisis of 2008/09. It focuses on the role of the specific institutional setting of the EMU in these …

A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade …. Existing studies examine this suspicion indirectly using non-EMU data and report ambiguous results. We estimate the euro …-effect directly from data that include EMU observations. Using a dynamic panel model for annual bilateral exports, we find that the …

years. Some studies aim at analysing the suitability of these Euro aspirants for currency union with EMU by evaluating the … present EMU and use a structural VAR approach to evaluate EMU suitability of the candidate countries. To correct for the …

worse suitable for EMU membership than the current participants. The theory of optimum currency areas provides several … the current EMU we use a structural VAR approach in order to identify economic shocks that hit the countries to be …

European treaty. Moreover, as long as the distance to the core of the EMU countries is still large, real convergence criteria …

An often heard view is that exchange rate variability will decrease for a country that joins the EMU. This is not …