In January 2009, the Slovak Republic will adopt the euro and become the 16th member of the euro area. This paper … investigates the implications of euro adoption in the Slovak Republic for inflation and interest rates with an attempt to quantify … experience of the first-wave euro area countries – suggests that the cash changeover will most likely be associated with a …

This Paper focuses on the pass-through of exchange rate changes into the prices of imports made by euro area countries … industry-specific rates of pass-through across and within countries for all euro members. In the short run, pass-through rates …-through rates across industries and countries can be rejected. Differences exist across euro area countries in the degree that a …

our analysis on the effect of the euro for the determinants of bond trade, equity and banking assets. With the help of a … theoretical model, we attempt to disentangle the different effects that the euro may have had on asset holdings for both euro zone … countries and countries outside of the euro zone such as Sweden. We find evidence that the euro has implied 1) a unilateral …

over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area … tends to be more balanced when nominal exchange rates are flexible. Intra-euro area imbalances also seem to have become more … persistent with the introduction of the euro, some of which is linked to labor market inflexibility. Reviewing the direction of …

Euro was not associated with increased integration. Our results do not change when the sample is extended to include the …

We study the financing policies of European public corporations prior to the euro crisis. Using data from 11 euro … countries and a control group of five other European countries over 1991–2006, we show that nonfinancial firms from euro … countries with previously weak currencies considerably increased their debt financing after the introduction of the euro. The …

Introduction of the euro altered corporate financing markets for the euro zone firms in an unprecedented way. Since … 1999, firms from the euro zone countries are able to raise funds in their home currency in the large common currency market … changes prior to the euro, that correlation has disappeared since 1999. My results reveal that recent growth in European …