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

This Paper focuses on the pass-through of exchange rate changes into the prices of imports made by euro area countries … industry-specific rates of pass-through across and within countries for all euro members. In the short run, pass-through rates …-through rates across industries and countries can be rejected. Differences exist across euro area countries in the degree that a …

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 …

competitiveness. A formal theory of inflation in the euro-zone based on an open-economy version of the New Keynesian model is used to …It is widely recognised that the "one-size-fits-all" monetary policy of the euro-zone is a potential problem. How much … of a problem has not been much investigated. It is argued in this paper that it may result in the euro not being …

and three-digit inflation. A decade later, Turkey has a comfortable balance-of-payments situation, and holds considerable …In late 1979 Turkey found itself in the throes of a foreign exchange crisis, with widespread shortages, negative growth …, despite some initial success in the early 1980s, inflation remains high and the public sector budget is out of control …

reduce the budget deficit and lower the underlying rate of inflation. The paper develops an input-output model to investigate …

fixes, a reasonably durable regime. However, most of the new stability is due to countries that float with an inflation … target. Though a few have left to join the Eurozone, no country has yet abandoned an inflation targeting regime under duress …. Inflation targeting now represents a serious alternative to a hard exchange rate fix for small economies seeking monetary …