We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing after the introduction of the euro, whereas the home currency share of non-eurozone countries fell slightly. In … addition, the euro as a vehicle currency has overtaken the role of the US dollar in Norwegian imports. The substantial rise in …

currencies. Making various assumptions on expected currency returns and the variance-covariance structure, we assess how the euro …-free) currency. (ii) The optimum portfolios show a much lower weight for the euro than is observed. This suggests that the euro may … currency peg, would all work towards raising the optimal euro shares, with the last factor being quantitatively the most …

This paper investigates whether comovements between euro area equity returns at national and industry level have … changed after the introduction of the euro. By adopting a regression quantile-based methodology, we find that after 1999 the … degree of comovements among euro area national equity markets has augmented. By explicitly controlling for the impact of …

This paper assesses the Euro’s influence upon European trade by estimating two different indicators. The first is the … currency union trades more with its partners than with non-member countries, the latter measures the integration of a country … with its trade partners. This study of the Euro’s influence by means of the Border Effect is a novelty in the literature …

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

economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US … paper is to analyse the market impact on major currency pairs of official statements made by EME policy-makers about their … have a statistically but also an economically significant impact on the euro, and to a lesser extent the yen against the US …

euro’s impact on financial integration is primarily driven by eliminating the currency risk. Legislative …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 and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi … is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the region … the RMB has become a key driver of currency movements in emerging Asia since the mid-2000s, and even more so since the …

economy. The measure of a currency's global role is based on the size and stage of development of the underlying economy, as … currency. The paper applies the concept to 22 currencies of advanced and emerging economies. The results confirm the well …-known ranking for the leading currencies - in particular the US dollar and the euro - but give considerably greater weight to …