Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short … securitization activity, weak supervision for bank capital and too low for too long monetary policy rates. Conversely, low long …

constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new …

We study the relationship between fiscal policy and household saving across the euro area countries for the period 1999 … panel setting. We find that fiscal expansions are associated with an increase in household saving rate in the euro area … and estimation uncertainty and no robust evidence for total private saving offset. Our results for the euro area are …

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries' real effective exchange rates, including those of the individual euro area economies, and compares …

This paper studies the determinants of the euro exchange rate during the European sovereign debt crisis, allowing a … role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro exchange …

'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 …

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …

In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area … significant impulse leading to a sharp increase in households' expenditures and a corresponding fall in the savings ratio …

prospective membership of the EU plays a decisive role in the choice of the euro as invoicing currency. The role of the euro as … differentiation favour vehicle pricing in U.S. dollar. An increase of euro invoicing due to higher exchange rate volatility supports … the role of the euro as vehicle currency, however. High market power defined as the share of a country's total exports to …