common factor approach for the period 1995-2018 to exploit the effect of diverse levels of export complexity, stage of …

euro zone in the face of unsustainable debt problems, given the fact that the EMU lacks a fiscal union. Concerning Greece …'s potential exit from the euro zone, the majority of the literature is confined to analyzing spillover effects to other member … states and the endangerment of the euro's stability, rather than highlighting the unsustainability of extreme balance …

in the Central and Eastern European Countries (CEEC). The euro has fostered the transformation of financial systems … active and open-market stance is required. The euro increases the cost of failure and thus provides a strong incentive to …

: And there any Lessons? V. The Evolution of the Banking Industry in Italy and Austria after the Introduction of the Euro. …

enlargement of the euro-zone may have. The focus lies on the potential for social conflict enhanced by the enlargement process and … expected in the course of enlarging the euro-zone. This allows to isolate the sensitive segments and areas in which enlargement …. Finally, the report addresses 'soft issues' such as public opinion on the adoption of the Euro. The analysis of micro …

After joining EU, the accession countries are expected to join the EMU and the euro-area. This cannot take place … immediately after EU enlargement, as prior joining euro-area the accession countries should apply to the European Commission for … make the decision to join euro-area. However, there is no opt-out clause for accession countries either, like there was for …