Titlebook: Economic Policy Issues for the Next Decade; Karl Aiginger,Gernot Hutschenreiter Book 2003 Springer Science+Business Media New York 2003 Eu

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Optimal Path into the EMU: Big Bang or Gradualism?nlargement. The emphasis is on the implications of a common currency as identified by the theory of optimum currency areas. In particular, I discuss correlation of output shocks between the candidate countries and the EMU core and effectiveness of mechanisms for absorbing adverse effects of asymmetr

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