indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …

The information content of broad money M3 for future GDP inflation in the euro area is investigated from a number of … of inflation in the euro area where no explicit role is given to monetary developments. Our empirical results confirm … real M3 holdings, real GDP, inflation and short- and long-term interest rates. Secondly, this empirical framework is …

edition of the publication u0093Bond markets and long-term interest rates in non-euro area Member States of the European Union … this third edition has been extended to include all thirteen non-euro area EU member states and two accession countries …

economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US … have a statistically but also an economically significant impact on the euro, and to a lesser extent the yen against the US … the appreciation of the euro against the US dollar in recent years. Interestingly, EME policy-makers appear to have become …

This paper investigates whether comovements between euro area equity returns at national and industry level have … changed after the introduction of the euro. By adopting a regression quantile-based methodology, we find that after 1999 the … degree of comovements among euro area national equity markets has augmented. By explicitly controlling for the impact of …

euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms … remain unknown. We investigate the underlying channels of the euro’s effect on financial integration using data on bilateral … euro’s impact on financial integration is primarily driven by eliminating the currency risk. Legislative …

process. We identify the impact of (i) joining the European Union and (ii) joining the Euro on cross-border M&As. We show that …

’s prosperity. The paper focuses on olitical events in Italy over the past 35 years and asks whether the adoption of the euro in …’s financial markets throughout the 1970s, 1980s and 1990s. The introduction of the euro appears to have indeed played a major role …

We study sovereign yield dynamics and order flow in the largest euro-area treasury markets. We exploit unique … transaction data to explain daily yield changes in the ten-year government bonds of Italy, France, Belgium, and Germany. We use a …