Grauwe, Paul (ed.); Lavrač, Vladimir (ed.) - 1999
The creation of the EMU and the introduction of the Euro is a historic event for the EU countries. The debates on the … desirability of the EMU provoked a vast economic literature dealing with the theory of the optimum currency area, costs and … benefits of the EMU, symmetric versus asymmetric shocks, alternative mechanisms of adjustment in a monetary union and so forth …