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Against the background of the introduction of the euro in 1999, France, Germany and Italy have recently experienced higher divergence in terms of GDP growth. Indeed, there is no consensus among economists regarding the effects of monetary union, which can lead either to more specialisation as in the United States, or to increasing intra-industry trade, hence higher co-movements. Based on a set of original papers produced by a team of economists from the three main National Central Banks of the euro area, presented to an International Conference held in Paris as well as the contributions of panel of leading economists, the book analyses the latest developments in three largest European economies in a broad perspective, using modern econometric techniques. One of the conclusions is that, while business cycles are more strongly correlated across the three countries, as evidenced by the common reaction to the 2001 slowdown, the three countries still exhibit differences in terms of long term growth.

France --- Germany --- Italy --- Repubblica italiana (1946- ) --- Italian Republic (1946- ) --- Włochy --- Regno d'Italia (1861-1946) --- Iṭalyah --- Italia --- Italie --- Italien --- Italii︠a︡ --- Kgl. Italienische Regierung --- Königliche Italienische Regierung --- إيطاليا --- Īṭāliyā --- جمهورية الإيطالية --- Jumhūrīyah al-Īṭālīyah --- Італія --- Італьянская Рэспубліка --- Italʹi︠a︡nskai︠a︡ Rėspublika --- Италия --- Италианска република --- Italianska republika --- Ιταλία --- Ιταλική Δημοκρατία --- Italikē Dēmokratia --- 이탈리아 --- It'allia --- 이탈리아 공화국 --- It'allia Konghwaguk --- איטליה --- רפובליקה האיטלקית --- Republiḳah ha-Iṭalḳit --- Lýðveldið Ítalía --- Itālija --- Itālijas Republika --- Italijos Respublika --- Olaszország --- Olasz Köztársaság --- イタリア --- Itaria --- イタリア共和国 --- Itaria Kyōwakoku --- Italiya Respublikasi --- Италия Республикаси --- Italii︠a︡ Respublikasi --- Итальянская Республика --- Італійська Республіка --- Italiĭsʹka Respublika --- İtalya --- İtalya Cumhuriyeti --- איטאליע --- Iṭalye --- 意大利 --- Yidali --- 意大利共和国 --- Yidali Gongheguo --- Laško --- Sardinia (Italy) --- Weimar Republic --- Germanii︠a︡ --- Германия --- BRD --- FRN --- Jirmānīya --- جرمانيا --- Nimechchyna --- Gjermani --- Federalʹna Respublika Nimechchyny --- Veĭmarskai︠a︡ Respublika --- Ashkenaz --- Germanyah --- Bundesrepublik Deutschland --- Federal Republic of Germany --- Deutschland --- Repoblika Federalin'i Alemana --- República Federal de Alemania --- Alemania --- República de Alemania --- Bu̇gd Naĭramdakh German Uls --- Kholboony Bu̇gd Naĭramdakh German Uls --- KhBNGU --- ХБНГУ --- German Uls --- Germania --- Republika Federal Alemmana --- Deutsches Reich --- Grossdeutsches Reich --- Weimarer Republik --- Vācijā --- ドイツ --- Doitsu --- ドイツ連邦共和国 --- Doitsu Renpō Kyōwakoku --- Germany (Territory under Allied occupation, 1945-1955) --- Germany (Territory under Allied occupation, 1945-1955 : British Zone) --- Germany (Territory under Allied occupation, 1945-1955 : French Zone) --- Germany (Territory under Allied occupation, 1945-1955 : Russian Zone) --- Germany (Territory under Allied occupation, 1945-1955 : U.S. Zone) --- Germany (East) --- Germany (West) --- Holy Roman Empire --- Pʻŭrangsŭ --- Frankrig --- Francja --- Frant︠s︡ii︠a︡ --- Prantsusmaa --- Francia (Republic) --- Tsarfat --- Tsorfat --- Franḳraykh --- Frankreich --- Fa-kuo --- Faguo --- Франция --- French Republic --- République française --- Peurancih --- Frankryk --- Franse Republiek --- Francland --- Frencisc Cynewīse --- فرنسا --- Faransā --- Franza --- Republica Franzesa --- Gallia (Republic) --- Hyãsia --- Phransiya --- Fransa --- Fransa Respublikası --- Franse --- Францыя --- Frantsyi︠a︡ --- Французская Рэспубліка --- Frantsuzskai︠a︡ Rėspublika --- Parancis --- Pransya --- Franis --- Francuska --- Republika Francuska --- Bro-C'hall --- Френска република --- Frenska republika --- França --- República Francesa --- Pransiya --- Republikang Pranses --- Γαλλία --- Gallia --- Γαλλική Δημοκρατία --- Gallikē Dēmokratia --- فرانسه --- Farānsah --- צרפת --- רפובליקה הצרפתית --- Republiḳah ha-Tsarfatit --- פראנקרייך --- 法国 --- 法蘭西共和國 --- Falanxi Gongheguo --- フランス --- Furansu --- フランス共和国 --- Furansu Kyōwakoku --- Francija --- Ranska --- Frankrike --- France (Provisional government, 1944-1946) --- Commerce --- Economic conditions --- 프랑스 --- Falanxi --- Fa-lan-hsi --- 法蘭西 --- Frankrijk --- Frant︠s︡ --- Франц --- Frant︠s︡ Uls --- Франц Улс --- Італійська Республіка --- ドイツ レンポウ キョウワコク --- Deguo --- 德国 --- Gėrman --- Герман Улс

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