several countries in the Middle East and North Africa (MENA). The elimination of intra euro-zone exchange rate volatility … resulting from the introduction of the euro is estimated to affect the production structure of MENA economies and shift their … exports from manufacturing to agriculture and services. At the country and industry levels, the impact of the euro is more …

When the euro was introduced in 1998, one objective was to create an alternative global reserve currency that would … grant benefits to euro area countries similar to the U.S. dollar's 'exorbitant privliege': id est, a boost to the perceived … quality of euro denominated assets that would increase demand for such assets and reduce euro area members' funding costs …

over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area … tends to be more balanced when nominal exchange rates are flexible. Intra-euro area imbalances also seem to have become more … persistent with the introduction of the euro, some of which is linked to labor market inflexibility. Reviewing the direction of …

size of euro capital markets and the existing roles of European currencies in international capital markets. The paper also … examines the euro’s impact on international securities markets, including the role of the ECB, the evolution of EMU securities …, as are the broader implications of the introduction of the euro for changes in international capital flows, international …

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 …

This paper explores inflation determinants within the EU and implications for new members'' euro adoption plans. Factor …

regard to the prices of traded goods in small countries that have not adopted the euro and uses the Bayoumi-Eichengreen OCA … not adopted the euro have increasingly seen a change in the determinants of their traded goods prices. This seems to … contrast with the experience of small countries that adopted the euro. The results need to be interpreted carefully, given the …

increasingly integrated into the euro-zone area and that has a strong macroeconomic track record. We illustrate that neither the …

The weakness of the euro has been surprising given the widely-held expectation that it would be a strong currency. This … paper critically examines explanations for the slide in the euro, finding that many are questionable on conceptual or … in recent years, accounting for about half of the decline in the effective value of the euro. The other component of euro …

entry, and uses it to evaluate the assessment of the five tests for euro entry published by the U.K. Treasury in June 2003 …