This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the … 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, it reveals that the Euro's influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …

This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the … with its trade partners. This study of the Euro's influence by means of the Border Effect is a novelty in the literature …, it reveals that the Euro's influence upon trade is not so clear as papers focused only on the Rose Effect claim. This …

characteristics? Based on a common source of balance sheet data for the four largest economies of the euro area over the period 1999 … homogeneous in France, where the banking industry has a higher degree of market concentration. Second, there is some evidence that …

of the monetary union, have on the rest of the world. Disentangling euro area stress shocks and global risk aversion …) model with financial variables. We find that the effects of euro area stress shocks are significant not only for the euro … area but also for the rest of the world. Notably, an increase in euro area stress entails a slowdown of economic activity …

We analyse the interaction between monetary and macroprudential policies in the euro area by means of a two …-country DSGE model with financial frictions and cross-border spillover effects. We calibrate the model for the four largest euro … area countries (i.e. Germany, France, Italy, and Spain), with particular attention to the calibration of cross …

into two parts, before and after the birth of the euro. We study convergence in the first sub-sample by means of univariate … comprises Germany, France, Belgium, Austria, Finland and a higher inflation one with Spain, Netherlands, Greece, Portugal and …