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 … communication by policy makers at times of crisis should be cautious about triggering undesirable financial market reactions …

casts doubts about the consequences of the Euro introduction for the European Single Market. Both indicators are estimated …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 …

'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 …

the role of the euro as vehicle currency, however. High market power defined as the share of a country's total exports to … 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 …

casts doubts about the consequences of the Euro introduction for the European Single Market. Both indicators are estimated …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 …

traditional portfolio objectives as debt to reserve ratios decrease. We empirically estimate optimal dollar and euro shares for 24 … emerging market countries and find that optimal reserve portfolios are dominated by anchor currencies and, at current debt to … reserve ratios, introducing transactions demand has a elatively modest effect. We also find that euro and dollar bonds act as …

In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI … flows but reduces incentives for horizontal or market seeking FDI. Instead, horizontal FDI flows stemming from investor …