The creation of the European Central Bank and the Euro have brought new challenges to EU integration and economic … empirical research on the - transitory - decline of the Euro. Issues of exchange rate policy and international economic … relations also are addressed. Contents: European Monetary Union: Start of the Euro and the Need for Complementary Measures in …

covered and uncovered interest parity conditions vis-à-vis the U.S. dollar and the DM/euro. The results for the Central … European economies since 1997 are contrasted against those of the euro countries during the period preceding the introduction … of the euro. This allows a comparison of conditions in the capital markets in the Central European economies versus those …

This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between … the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is … constructed. It is analyzed how monetary and fiscal rules affect the adjustment dynamics in the individual euro-area countries …