This paper proposes a new monetary policy framework for effectively navigating the path to adopting the euro. The … volatility to differentials over the euro zone in both inflation (target variable) and interest rate (instrument variable) is … proposed. The model is empirically tested for the Czech Republic, Poland and Hungary, the selected new Member States of the EU …

targeting is developed. Recent trends in these risk premiums in Hungary, the Czech Republic and Poland are tested by employing …

The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is … the euro are assessed and found lacking. A "Euro Treasury" scheme operating on a strict rule and specifically designed not … to be a transfer union is proposed here as a condition sine qua non for healing the euro's potentially fatal birth …

The euro crisis remains unresolved even as financial markets may seem calm for now. The current euro regime is … the euro are assessed and found lacking. A “Euro Treasury” scheme operating on a strict rule and specifically designed not … to be a transfer union is proposed here as a condition sine qua non for healing the euro's potentially fatal birth …

Twenty years of euro history confirms the euro's stability and position as the second global currency. It also enjoys … the support of majority of the euro area population and is seen as a good thing for the European Union. The European …