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

This paper analyses the impact of productivity developments in the United States and the euro area on the euro … productivity proxies. Our results indicate that the extent to which productivity can explain the euro depreciation varies with the … used the former to assess productivity developments, this might thus have contributed to the weakness of the euro in 2000 …

moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …

We evaluate the ECB’s monetary policy strategy against the underlying economic structure of the euro area economy, in …