This paper focuses on euro area policies. The monetary policy stance remains appropriate for now. Fiscal policies are …

The paper compares the degree of capital market integration across euro-area countries with that across regions in … capital flows within the euro area that would entail sizable shifts in countries’ equilibrium current accounts. …

two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from … joining the euro. We evaluate two alternative scenarios. In the first one, we consider a reduction of trade costs that occurs …

The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing … real effective exchange rate of the euro are within range of medium-term equilibrium. Stabilizing inflation below 2 percent …

This paper examines opposing views on the euro's challenge to the dollar as an international currency. One view … euro has significantly overtaken the legacy currencies as a reserve currency. Generally, large economic size alone is … insufficient to challenge the network externalities supporting vehicle currencies, but scope exists for the euro to advance as an …

cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies little long-run risk …