Dia 1

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Figure 30.1 Peter Kenen, 1932
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Figure 30.2 Asymmetric shocks
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Figure 30.3 Price dispersion in the EU across
countries and within countries
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Figure 30.4 Uncertainty and consumer surplus
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Figure 30.5 Interest rates in Germany and Italy
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Figure 30.6 The process of European monetary
integration
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Figure 30.7 Deficit, debt, and growth arithmetic
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Figure 30.8 The European System of Central Banks
in 2006
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Figure 30.9 Value of one euro since its
introduction
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Figure 30.10 European Central Bank key interest
rates
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Figure 30.11 Unemployment and inflation in the
euro area, 2004
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Figure 30.12 Estimated differences in desired
interest rates using the Taylor rule
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Figure 30.13 Convergence criteria and potential
new euro area members
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Figure 30.14 Inflation rates in potential new
euro area members (, 2004)