France and Germany separately. Second, the predictive power of the core-ERM aggregate relative to French and German inflation …

The success of European Economic and Monetary Union (EMU) will depend on the stability of the euro. The monetary policy … inflation targeting rule that includes output. Implications for the euro as a reserve currency are examined in the light of the …

The paper focuses on the impact of diversification on bank performance and how consolidation through mergers and … indigenous banks, as compared to foreign competitors in the ECCU. We then simulate bank mergers both within and across ECCU … countries by combining individual banks' balance sheets. The simulation shows that a typical indigenous bank could better …

countries, it would appear that the zone would not constitute an optimum currency area. But when France is viewed as an integral …

We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high …

narrow money (M1). Consequently, the region’;s central bank, the BCEAO, can continue to conduct monetary policy in line with …

current account divergences between member states. This paper finds that divergences across euro-area countries are smaller …