I have Android Studio updated at latest release (today is April 22nd, 2017) and Haxm installed, but the Android emulator is completely useless. It is extremely slow.
I don't know why, a few days ago it was running fast and smooth. Then I restarted my computer and it became extremely slow. It must be some reason for this.
Please, do not answer to install Genymotion. Genymotion doesn't allow me to emulate the phone in the free version.
As I said, intel haxm is installed.
The message "Process system isn't responding" is displaying all the time.
UPDATE April 25th, 2017: My Android Studio installed a new update (I cannot specify what got updated) and now the emulator suddenly runs fast again (the same AVDs, I haven't created new ones) But this same behavior has happened before. I am sure that in a few days/weeks it will suddenly run extremely slow again, and it will be this way for a few days/weeks, after another update will run smooth again. This has been happening for me during months. I will post here when that happens.
UPDATE April 30th, 2017: My Android Studio installed a new update (Google Repository) and now the emulator suddenly is going extremely slow (the same AVDs, I haven't created new ones). I am sure that in a few days/weeks it will suddenly run fast again.