Economic and Monetary Union (EMU) has most likely come to an end or, even more, seems to be reversing since the common monetary … area had been established. The infation rates of single economies within the Euro area deviate significantly from the ECB …'s reference rate, therefore, considerable inflation rate differentials can be observed in the EMU. Our paper analyses this …

of EMU). Second it reviews how ERM2 is conducive to future euro-zone membership of the accession countries. From the …The paper discusses the framework of ERM2 (the exchange rate mechanism of EMU, the Economic and Monetary Union) and its … "outs" to fulfill the convergence criteria, and whether in this case "ins" open the door for the "outs" to enter the euro …

("soft-currency" countries). If the EMU will start with a large group there will be a tendency to devalue the Euro against …Recent economic forecasts increase the probability that firstly, the EMU can start as planned on January 1, 1999 and … large "non-optimal" EMU are as expected. On the one hand, there are positive income effects for all countries although …

development of the policy on the euro maintained by the Conservative Government then Party in opposition and the Labour Party … particular Labour Government - reluctance to hold a referendum on euro membership and actively push a pro-euro policy can be best …

Traditionally clustered around one leading "hegemonic" world currency, with the introduction of the euro the … in the international consequences of the introduction of the Euro and analyzes the costs and gains from cooperation in … give an overview of the legal issues surrounding the representation of the EMU in the international monetary institutions …