Erhart, Szilárd - In: Journal of central banking theory and practice 11 (2022) 1, pp. 23-66
While all EU Member States can join the group's monetary union, the euro area, some members are far more ready for the adoption and use of the single European currency. Here, we construct a new Monetary Union Readiness Index (MURI) for the EU Member States. The theoretical framework of the index...