misalignments prior to euro adoption than can be expected from the newcomers in the forthcoming years. If the newcomers sail too … fast towards the euro, their sailing may not be as smooth as that of the front runners. …

euro would undoubtedly be the best exchange-rate strategy for most MENA countries. Monetary integration and trade … monetary integration, by comparing the impact on trade of a regional monetary integration and of a euro peg. …

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

to the euro adoption than what can be expected from the acceding countries in the forthcoming years. If acceding … countries sail too fast towards the euro, their sailing may not be as smooth as the one of frontrunners. …

the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …

the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …

default. It is argued that the current crisis in Europe illustrates why the euro is not a real contender for hegemony in the …

This paper studies the impact of real effective exchange rate volatility on economic growth as well as the euro … percentage points growth increase. Second, we find that the euro adoption was associated with a decline of 0.4 standard …, the real effective exchange rate of the euro adopters were almost completely insulated. We conclude that real effective …

its functioning, and Slovakia that was a part of ERM II just for minimum requested period before euro adoption. The third …