Inclusion of Central European Countries in the European Monetary Union Daniel W Die Protestierenden übernachteten dort in

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Inclusion of Central European Countries in the European Monetary Union Daniel W Die Protestierenden übernachteten dort inThe creation of the European Economic and Monetary Union (EMU) and the introduction of the euro is a historical 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 vs. asymmetric shocks, alternative mechanisms of adjustment in a monetary union and so forth. Until recently, for the Central European