Financial stability inside the European Monetary Union (EMU) is a trendy topic in most developed countries around the … world. From the moment the EMU was brought to life, there was much speculation about its imperfections, inadequate … debt crisis has demonstrated inadequacies in the EMU’s structure and proved that a higher degree of integration is …

We examine whether the introduction of the euro had a significantly positive impact on the synchronization of business … cycles among members of Economic and Monetary Union (EMU) which might arise due to the lack of country-specific monetary … policy shocks in the euro area. Empirical evidence on this relationship is rare so far and su ers from methodical weaknesses …

Overall, the ECB managed monetary policy quite satisfactory in the first phase of EMU. Nevertheless, this paper asks …

Overall, the ECB managed monetary policy quite satisfactory in the first phase of EMU. Nevertheless, this paper asks …