We investigate the impact of EMU on macroeconomic volatility. The volatilities of inflation and nominal interest rates … reasons unrelated to EMU (the “great moderationâ€), we focus on the volatilities of bilateral differences in growth rates … (or changes). Pairs of EMU countries have experienced the greatest fall in consumption volatility, followed by pairs in …

The paper examines the implications of EMU for world macroeconomic and financial stability, distinguishing EMU effects … from other global factors at work. It concludes that EMU is having on the whole stabilising effects on the world economy …

-fledged pan-ECOWAS MU is not advisable. It is also found that members of the European Monetary Union (EMU) tend to be a better fit …

-run nominal rigidity in wages and prices, one would expect that under European Monetary Union (EMU) the loss of the exchange rate … strategically responsive monetary policy, floating is superior to EMU for all countries, and that even if the rest of the Community … proceeds with EMU, the UK is better off outside it. This latter conclusion is reinforced in the exercise on the more refined UK …

learned from current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the …

current monetary unions, especially the euro. Each successive annual edition of this book will be priced in the remaining …

projection of what has been learned from current monetary unions, especially the euro. Each successive annual edition of this …

team that has been dealing for several years with the adoption of the euro by the new member states of the European Union … (EU). The recent financial crisis brought in the middle of many assessments the question of the euro credibility and its … euro, talking about a crisis of the single currency and the fear that this project will vanish exactly after ten years of …

process in such a way, that it no longer is a matter of ‘how to save the euro’, but of ‘how to save the EU’ from falling apart …. Those who claim that the EU will go with a (partial) dissolution of the euro have not understood what the real challenge to …