all the ten new EU countries, adopting euro as national currency seemed to be, at least until very recent, a priority … all the countries, voluntarily, must evaluate and take into account some real convergence criteria.Even if the euro … the next few years mainly in the catching-up process, and we must expect, before the euro adoption (even if we could …

economic crisis. The ongoing financial crisis has made euro adoption more attractive than ever and put it on the top of the … country’s policy agenda. However, shocks affecting Estonia are only weakly synchronized with those of the euro area, and the … structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen …

countries converging to a common currency system, in particular, to the euro. The analytical framework assumes inflation target … the euro. However, feasibility of adopting money growth rules depends on stable relationships between money and target … Poland, Hungary and the Czech Republic by employing the Johansen cointegration test, along with short-run effects assessed …

This article analyzes the main issues for monetary policy in new EU member states before their euro adoption. These are …

(ERM2) and hence their adoption of the euro. Our empirical results support the following recommendations: authorities need …

before a formal and permanent link to the euro, while real convergence is the ultimate objective of economic integration …. Novel features of the paper include broader measures of real convergence in both euro as well as local currencies, an …

inherited from Germany's mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also …

inherited from Germany’s mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also … warranted. -- Economic and Monetary Union ; euro ; European Central Bank; global imbalances ; global crisis ; intra …