countries presently fulfill the Maastricht convergence criteria and how the present EMU countries complied with them at a … comparable time distance before their own entry in EMU. Some of the related issues, such as monetary and fiscal policy …

analysis suggests that, given EMU's present political-economic set-up, i) the bail-out was unavoidable, ii) the lengthy process … with a future moral hazard problem. Based on our analysis, we suggest that the EMU's institutional design could be improved … processes as well as the conditions and parameters on which the scope and limits of fiscal redistribution in EMU depends. In …

(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary …. Although we come up with some weak evidence for increased business cycle amplitudes within the EMU, we neither find a … significant general effect of the EMU on wage growth nor on unemployment. …

This dissertation studies the Economic and Monetary Union (EMU) and itseffects on foreign exchange markets and … I find that PPP during the common currency regimeholds in fewer EMU countries than during the alternative exchange rate … after the introduction of the euro for the EMU countries asopposed to the non-EMU countries. I do not obtain strong evidence …

problems within the EMU are not only missing the right incentives but also setting the wrong ones. …

Union (EMU) banking sector. The paper's central hypothesis that capital adequacy of the EMU banking sector influenced credit …