The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction … of the euro. Significant development in terms of integration took place in both markets in general to a various degree … but apply more generally to euro securities infrastructure, identifies fields where further action is required. This …

The main objective of this paper is to study whether the introduction of the euro hadan impact on the degree of … and Eurozone risk) on Governmentbond returns, in the two groups of countries (EMU and non-EMU) in EU-15. Ourempirical … evidence suggests that the impact of the introduction of the euro on thedegree of integration of European Government bond …

This paper analyses the impact of productivity developments in the United States and the euro area on the euro … the Johansen cointegration framework, four Behavioural Equilibrium Exchange Rate models are estimated using four different … productivity proxies. Our results indicate that the extent to which productivity can explain the euro depreciation varies with the …

This paper investigates the dynamics of aggregate wages and prices in the UnitedStates (US) and the Euro Area (EA) with …

consideredto detect asset price busts. Considering a sample of 17 OECD industrialised countriesand the euro area over the period …

This paper estimates the wealth effects on consumption in the euro area as a whole. Ishow that: (i) financial wealth …