, lead to risk aversion by investors in equities and currencies globally and in some emerging market bonds. Euro area shocks …

euro area using structural Bayesian vector auto regressions. While cross-border banking sector capital flows receded … equities and debt globally. Focussing on the euro area, these inflows do not only imply elevated asset prices, but also …

's prosperity. The paper focuses on political events in Italy over the past 35 years and asks whether the adoption of the euro in …'s financial markets throughout the 1970s, 1980s and 1990s. The introduction of the euro appears to have indeed played a major role …

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

This paper studies euro changeover-related inflation using disaggregated price level data. The difference …-in-differences approach is used and the control group for the treatment country, Estonia, is built from 12 euro area countries. The Nielsen … overall inflationary effect of euro adoption was modest, the effects were significantly different across various market …

transmission processes at the systemic level. We use the euro area financial accounts (flow of funds) data to construct a sector … leverage and asset volatility. We conclude that the bilateral cross-sector exposures in the euro area financial system …