. "20"^^ . . "This paper evaluates the first decade of the European Economic and Monetary Union (EMU). The main aim is to review both the key successes and principal failure. It also identifies the crucial challenges of EMU for the next years. With respect to achievements of the monetary integration, we put the emphasis principally on international role of the euro, financial integration in EMU and price stability. As regards to disappointments, we focus on slow output and productivity growth and cross-country dispersion in EMU. We identify enlargement as the critical challenge of EMU and analyze this from the perspective of Optimum Currency Area theory and degree of synchronicity between EMU and euro-candidate countries. Finally, we propose some institutional reforms of the European Central Bank that should improve its accountability."@en . . . . . . "RIV/47813059:19520/08:#0001670!RIV12-GA0-19520___" . . "399422" . "This paper evaluates the first decade of the European Economic and Monetary Union (EMU). The main aim is to review both the key successes and principal failure. It also identifies the crucial challenges of EMU for the next years. With respect to achievements of the monetary integration, we put the emphasis principally on international role of the euro, financial integration in EMU and price stability. As regards to disappointments, we focus on slow output and productivity growth and cross-country dispersion in EMU. We identify enlargement as the critical challenge of EMU and analyze this from the perspective of Optimum Currency Area theory and degree of synchronicity between EMU and euro-candidate countries. Finally, we propose some institutional reforms of the European Central Bank that should improve its accountability." . "P(GA402/08/0067)" . "2" . . "TEN YEARS OF THE EUROPEAN MONETARY INTEGRATION: ACHIEVEMENTS, FAILURES AND CHALLENGES" . "19520" . "1"^^ . . "Economic and monetary union, euro, European Central bank, convergence, optimum currency area"@en . . "1"^^ . . "TEN YEARS OF THE EUROPEAN MONETARY INTEGRATION: ACHIEVEMENTS, FAILURES AND CHALLENGES"@en . . "RIV/47813059:19520/08:#0001670" . "CZ - \u010Cesk\u00E1 republika" . . . "Acta academica karviniensia" . . . "1212-415X" . "Stav\u00E1rek, Daniel" . "TEN YEARS OF THE EUROPEAN MONETARY INTEGRATION: ACHIEVEMENTS, FAILURES AND CHALLENGES" . "[671C6E776FDF]" . "TEN YEARS OF THE EUROPEAN MONETARY INTEGRATION: ACHIEVEMENTS, FAILURES AND CHALLENGES"@en .