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 … countries located outside the monetary union increase. Such flows are however not more likely be directed towards euro area …

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

We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the … autoregression (VAR) model. We argue that the euro area is more appropriate through the lens of empirical OCA properties when the … relative importance of common symmetric shocks is high, but, at the same time, is not overly dispersed across euro area member …

The paper presents a model-based assessment of fiscal multipliers operating in the euro area during the period 2011 …

invoicing after the introduction of the euro, whereas the home currency share of non-eurozone countries fell slightly. In …We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … countries for the 1996-2006 period. We find that eurozone countries have substantially increased their share of home currency …

This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …

In this paper we propose a composite indicator that measures multi-dimensional sovereign bond market stress in the euro … area as a whole and in individual euro area member states. It integrates measures of credit risk, volatility and liquidity … eleven euro area member states and also present four options of a SovCISS for the entire monetary union. In addition, we …

differentials across the 19 euro area countries over the period 1999-2019. The results confirm existing (older) literature that it …

underlying the capacity constraint theory (Macklem (1997)). The theoretical model motivates our empirical assessment for the euro …

In this paper we address the question on whether EMU has amplified or dampened intra euro area divergencies, by looking … at a time-varying VAR model of Italy's relative performance compared with the rest of the euro area, spanning from 1976 …