This paper conducts a counterfactual analysis on the effect of adopting the euro on regional income and disparity … heterogeneous effects from adopting the euro in terms of GDP per capita, while all Swedish regions are better off without the euro … with varying magnitudes. Adopting the euro would have decreased regional income disparity in Denmark, while the effect is …

We discuss the scope of asymmetries in growth and inflation developments in the euro area countries, taking the euro … euro area. This approach typically leads to a division of countries between a core and a periphery, the former consisting … stemming from country-specific shocks and asymmetry stemming from differences in the way countries react to symmetric euro area …