Study on sovereign bond market integration and the role of the euro, trading platforms and globalisation. We … gradually in the course of the last 15 years in EMU countries, as well as the UK, the US and the German Lander. The euro, as … attributed to electronic trading platforms becoming functional. The change-over from national currencies to the euro can not …

This paper provides an empirical analysis of the determinants of government bond yield spreads in the euro area with a … suggest that an improvement in global risk perception will lead to a narrowing of intra-euro area bond yield differentials …

macroeconomic policy. Consistent with macroeconomic paradigms prevalent at the time, the original architecture of the euro zone … euro crisis in financial-market developments, this essay draws some conclusions for the reform of euro area institutions …. The euro area is moving quickly to correct one flaw in the Maastricht treaty, the vesting of all financial supervisory …

of the euro, however, monetary unification triggered a sequence of policy actions and private sector responses that swept …

and the European Economic and Monetary Union (EMU) has increased since the adoption of the euro. We ask: Have the recent … assets? Do investments in EMU countries provide more or less risk sharing per euro invested compared to investments in non … euro, our results are tentative, but they indicate that the monetary union has facilitated risk sharing, although the level …

This paper discusses an approach to estimate euro area GDP quarterly growth over two quarters ahead. The estimates are … euro area and the US. The euro area opinion survey variables are the present business situation in the retail sector and … spread between the euro area and the US. Second, the real effective exchange rate is an indication of the competitive …

This study addresses and evaluates the impacts of the introduction of the euro on both actual and potential output and … euro is undertaken, with comparisons drawn between countries that are EMU members and non-EMU members. There are several … channels through which the euro may have affected growth and employment: greater transparency and its impact on competitiveness …

The introduction of the euro as a currency in physical existence in January 2002 was a major step in the European … countries in the euro area view the effects of the euro five years after its introduction. The empirical analysis uses … September 2006. The first question asked if the adoption of the euro was advantageous overall or not. The second one asked if …