The creation of EMU raises the question whether the common monetary policy has the same impact in all member countries. We analyse the convergence of interest rates in four major EMU countries from 1999 to 2007. We suggest to test the convergence of the interest rates with the full term...

Whatever its successes and difficulties, monetary integration has caused significant changes in many, perhaps most, Eurozone societies. A review of EMU's origins and first years of EMU would thus be remiss without national case studies. France is a particularly good choice for this task. It has...