Fratzscher, Marcel; Stracca, Livio - European Central Bank - 2009
1999 has helped insulate Italy’s financial markets from the adverse consequences of its traditionally unstable political …’s financial markets throughout the 1970s, 1980s and 1990s. The introduction of the euro appears to have indeed played a major role … in insulating financial markets from such adverse shocks. The findings of the paper there-fore suggest another important …