In this paper we study the changes in corporate valuations induced by the adoption of the euro as the common currency … in Europe. We use corporate-evel data from ten countries that adopted the euro, the three EU countries that did not start … using the euro, as well as Norway and Switzerland. We show that the introduction of the euro has increased Tobin's Q …

of Economic and Monetary Union (EMU) in Europe. We use corporate-level data from ten countries that adopted the euro, the … three EU countries that did not join EMU, as well as Norway and Switzerland. We show that the introduction of the euro has … supports the view that the introduction of the euro has lowered firms' cost of capital by eliminating currency risks among the …

of Economic and Monetary Union (EMU) in Europe. We use corporate-level data from ten countries that adopted the euro, the … three EU countries that did not join EMU, as well as Norway and Switzerland. We show that the introduction of the euro has … supports the view that the introduction of the euro has lowered firms' cost of capital by eliminating currency risks among the …

In this paper we study the changes in corporate valuations induced by the adoption of the euro as the common currency … in Europe. We use corporate-evel data from ten countries that adopted the euro, the three EU countries that did not start … using the euro, as well as Norway and Switzerland. We show that the introduction of the euro has increased Tobin's Q …

In this paper we study how the introduction of the euro has affected corporate financing in Europe. We use firm …-level data from eleven euro area countries as well as from a control group of five other European countries spanning the years … 1991–2006. We show that firms from euro area countries that previously had weak currencies have increased both their equity …

We study the financing policies of European public corporations prior to the euro crisis. Using data from eleven euro … countries and a control group of five other European countries over 1991-2006, we show that non-financial firms from euro … countries with previously weak currencies considerably increased their debt financing after the introduction of the euro. The …

Private sector borrowing has been identified as a major factor behind the euro crisis. We study the contribution of non …-financial public corporations to this finding. Using data from eleven euro countries and a control group of five other European … countries over 1991-2006, we show that firms from euro countries with previously weak currencies considerably increased their …

In this paper we study how the introduction of the euro has affected corporate financing in Europe. We use firm …-level data from eleven euro area countries as well as from a control group of five other European countries spanning the years … 1991–2006. We show that firms from euro area countries that previously had weak currencies have increased both their equity …

the euro which has shown the weaknesses of the European institutions and stressed the heterogeneity of member countries …. The global financial crisis struck the euro area very severely because it coincided with the lack of appropriate policy … euro. In the following section it describes the euro crisis and examines the remedies put in place, noting that despite the …

currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by … put the trade effect of the euro in historical perspective. We argue that the creation of the EMU was a continuation (or … integration, the euro?s impact on trade disappears. Moreover, a significant part of the trend in European trade integration is …