This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …

the level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation … theory. -- Inflation ; Relative price variability ; Monetary search models ; European market integration …

This paper investigates why financial market experts misperceive the interest rate policy of the European Central Bank …

level of search costs and, thus, on the level of market integration. For less integrated markets, the inflation … search theory. -- Inflation ; Relative price variability ; Monetary search ; Market integration. …

exchange rates and money demand is more or less disconnected. This paper tries to fill the gap for the Euro/Dollar exchange …