adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability …

This paper considers the primary challenges faced by the Eurozone and caused by the 2008+ crisis. It suggests that one … are occurring or likely to occur in the Eurozone. However, the intertwined character of these challenges and their … persist and that no easy solution can be expected soon. A simple evaluation of the Eurozone’s macroeconomic stability based on …

attention is given to possible changes in the convergence process during the euro cash changeover. We apply the convergence …This paper examines the current state of price convergence amongst the eleven initial EMU member states. Special … kernel-density estimates. We find that convergence took place before 2000, slowed down substantially between 2000 and 2003 …