In this article, we explore the demand for the euro for risk management purposes, and the evidence of stock market … integration in the euro area. We define a reserve currency as one that investors demand either because it helps them hedge real … its return is negatively correlated with the returns on those assets. This article re-examines the role of the euro as a …

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

States, with attention to the impact that the Euro might have on that process. It is the first time that banking integration … empirical evidence on the determinants of the flow of foreign banking assets across countries of the EU and the Euro area … countries. Finally, evidence is provided indicating that the introduction of the Euro has changed the pace and trend of European …