Erhart, Szilárd - In: Journal of central banking theory and practice 11 (2022) 1, pp. 23-66
While all EU Member States can join the group's monetary union, the euro area, some members are far more ready for the … adoption and use of the single European currency. Here, we construct a new Monetary Union Readiness Index (MURI) for the EU … Member States. The theoretical framework of the index is built on the economic theory of Optimal Currency Areas and EU …