euro exchange rate. The present analysis is of importance for the new EU Member States as they are expected to join in the … future years the euro area, where money is deemed to be highly relevant - within the two-pillar monetary strategy of the …

euro exchange rate. The present analysis is of importance for the new EU Member States as they are expected to join in the … future years the euro area, where money is deemed to be highly relevant - within the two-pillar monetary strategy of the …

in the empirical analysis consist of daily observations of implied volatilities for OTC options on the euro, Japanese yen …, the results indicate that the euro is the dominant currency, as the implied volatility term structure of the euro is found … to affect all the other volatility term structures, while the term structure of the euro appears to be virtually …

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 …

The long-run relationship between money and prices in the euro area embedded in traditional money demand models with … equilibria for the euro area and the US financial markets. Steady state equilibrium of nominal M3 growth is estimated to be about … 7% in 2007 with large standard errors mainly due to uncertainty in asset prices. The gap between actual euro area M3 …

This paper provides the first empirical examination of the microstructure of the euro money market, using tick data … maintenance periods and during the year 2000 changeover. Even intraday, overnight rate levels hardly differ across euro area …

We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind …