and trends in the euro area banking sector in terms of the degree of homogeneity of countries. We find that in the period … 1998-2004 the banking sectors in the euro area countries seem to have become somewhat more homogeneous, although the … results are not unequivocal and considerable differences remain, leaving scope for further integration. In terms of clustering …

This paper investigates the state and process of integration of the European securities market infrastructure. The … integration of financial infrastructures is one of the basic policy goals and key responsibilities of the Eurosystem. The paper … finds that, despite the single currency, the euro area securities infrastructure remains highly fragmented and …

instruments impacts inflation expectations and trust in the ECB. All participants in the survey receive information about the ECB …’s goal, but only a subset also receives information about how the ECB tries to achieve this. Our results suggest that … individuals who are informed about policy instruments have inflation expectations closer to the ECB’s target inflation than …

Central Bank (ECB) exploiting the ow of conventional and textual data that become available between two consecutive press … main drivers of the ECB's reaction function at every point in time. In out-of-sample nowcasting experiments, the model … provides an accurate tracking of the ECB monetary policy stance and decisions. The inclusion of textual variables contributes …

Central Bank (ECB) exploiting the ow of conventional and textual data that become available between two consecutive press … main drivers of the ECB's reaction function at every point in time. In out-of-sample nowcasting experiments, the model … provides an accurate tracking of the ECB monetary policy stance and decisions. The inclusion of textual variables contributes …

integration of the financial markets in Europe - and by promoting the “digital euro” project. The current trends of growing …The inquiry into the global significance of the euro, which is the second most important currency in the international … financial system after the US dollar (hereinafter, the dollar), should be treated as a priority in efforts to strengthen the EU …

Skeptic views on EMU are usually cast around three arguments. First, the EU does not satisfy "Optimum Currency Area … Central Bank (ECB). While we do not address the second of these concerns, we present some evidence that goes in the direction … significantly in recent years among EMU participants, implying a tendency towards a fulfillment of the OCA conditions. Second, we …

Chapter 1: Public Support for the Euro and Trust in the ECB: The first two decades of the common currency -- Chapter 2 … the Euro -- Chapter 4: Crisis and Public Support for the Euro, 1990-2014 -- Chapter 5: Political Economy of EMU …The long-term sustainability of the euro and the Economic and Monetary Union (EMU) depends heavily on their ability to …