Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the … process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. …

Four years after the introduction of the euro, this paper provides an overview of the current structure and integration … of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure … with that of the United States and Japan. Using new and comprehensive financial account data, we also describe how the euro …

coincide with a movement in the mean of the RND towards a weaker yen both against the US dollar and the euro, as well as with …

inflation in the enlarged euro area, but only to inflation redistribution across countries if continuity of the monetary policy … play a key role. The numerical results indicate that the implications for the euro area are significant only if we assume a … enlarged euro area, but sizeable for ACs themselves. …