up the banking system, together with the similarity of economic structures and the Czech economy’s considerable openness …. Christiano L. and Fitzgerald T. (2003), "The Band Pass Filter", International Economic Review, Vol. 44, No. 2, May, pp. 435 …-465. Croux C., Forni M. and Reichlin L. (2001), "A Measure of Comovement for Economic Variables: Theory and Empirics", Review of …

impact of the above different EMU convergence scenarios on the long-term pace of economic growth in Poland. The main … advantageous to the long-term economic growth in Poland. Sharpening of the competition resulting from further intensification of … future evolution of the whole EMU. With a favourable course of events, these long-term advantages to the economic growth can …

subsequently into the European Monetary Union (EMU) some years later, will cause deep changes within the political, economic, and … members in Central and Eastern Europe should continue to pursue an economic strategy of real convergence to the economic … look at the economic, political, social and institutional consequences for EMU enlargement. -- EU-enlargement ; eurozone …

The paper analyses the potential for lending booms in the three biggest new EU Member States (the Czech Republic … Czech Republic was more difficult to foresee, but given almost complete interest rate convergence with the euro area only … Czech Republic faced a strong contraction (Fig. 4). Being a legacy of the previous economic system, the ratio of total …

-based methodology. We find that the largest new member states, the Czech Republic, Hungary and Poland, exhibit strong comovements both … only for the Czech Republic versus Germany and Poland … Propagation of Shocks (DIW, Berlin), the Conference on European Economic Integration (OeNB, Vienna) for their valuable comments …

results show a varied degree of bond yield comovements, the most pronounced for the Czech Republic, Slovenia and Poland, and …Institut für Halle Institute for Economic Research Wirtschaftsforschung Halle IWH-Diskussionspapiere IWH … __________________________________________________________________ IWH-Diskussionspapiere 10/2009 2 Authors: Hubert Gabrisch, Head of Research, Halle Institute for Economic Research …

To Heaven? An Optimum-Currency-Area Index for European Countries, European Economic Review, 41, Pp.761-770. Bayoumi, T … Review,41, pp.563-570. Frankel, J.A. and Rose, A. K.(1998b): Endogeneity of The Optimum Currency Criteria, Economic Journal …. Cambridge University Press, pp.241-261. McKinnon, R. (1963): The Theory of Optimum Currency Area, American Economic Review, 4 …