Währungsunion durch die Errichtung des Euro-Währungsraumes.Im ersten Teil der Dissertation wird theoretisch gezeigt, dass Currency … establishment of the Euro-currency area in 1999.In the first part of my thesis, it is shown that a currency board solves the time … differentials have been sizeable and persistent since the introduction of the Euro in 1999. In a micro-founded two-region model, the …