, together with the effect of euro area consumer prices, on economic activity and prices in non-euro EU countries using monthly … non-euro EU countries are limited, suggesting that the law of one price materializes slowly. …We estimate a global vector autoregression model to examine the effects of euro area and US monetary policy stances …

in most EMU countries. EU countries that are not members of the EMU also experienced high financial stress and a rapid … European economies and developed countries. The sample is divided into groups of countries in the European Monetary Union (EMU …), the 'standalone' economies that are outside the EMU but are members of the broader European Union (EU), and other …

pervasive and might explain the large pro-trade effect of currency union found in the literature. I offer a quasi …

While the enlargement of the Euro area to new countries has reduced the average return correlation among member … members. We find that EMU core countries portfolio allocation has been significantly driven by diversification motives: they … investments in the Euro area after 2007, and points to the importance of diversification benefits …

We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind …: has it changed after - and because of - EMU and, if so, is it becoming homogeneous across countries. Given the data … evidence that the transmission through banks has become more potent and homogeneous across countries because of EMU. On the …