The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In … integration of European financial markets emphasizing the enormous structural changes that came about since the euro has been …

Dollar/Euro exchange rate from the inception of the Euro in 1999 to the end of 2007. The major result of the paper is that … better description of ECB than of Fed policy during this period. While the evidence of predictability is only found for … coefficients on inflation and the real economic activity measure are constrained to be the same for the U.S. and the Euro Area and …

European Central Bank as lender of last resort helps to prevent a crisis of confidence. The ECB can create capital and … investment areas under foreign law (think of Magna Graecia). (2) EUR 400 billion can be injected in eurozone equity (and not … eurozone bonds) in banks to allow the increase from the 8% to the 10.5% target. This equity can be managed by newly created …

The rules of the Eurozone cause the euro to function as the gold standard. The US economy performs better in some … earlier proposal the ECB can create funds to redress debt. Notably, 400 billion euro can be created and invested in bank … dependent upon current ad hoc measures, with the loss of welfare over the years 2008-2013+. If Eurozone nations create their own …

effective. A brief comparative analysis of the monetary policy response implemented in the Euro area during the recent Financial …

the ECB monetary policy strategy. A contemporaneous reaction function is estimated using both a GMM framework and an … key role in the ECB interest-rate setting, since it appears as a relevant indicator of future inflation. However, the ECB … policy may thus transmit and amplify the asymmetry in the relationship between oil prices and activity in the euro area …

policy decisions by the Federal Open Market Committee (FOMC) and the European Central Bank (ECB). We confirm prior findings … is not related to ECB meeting days. VIX is unrelated to ECB meeting days. Taken collectively, our results indicate a … uncertainty levels and the ECB. JEL …

The sovereign debt crisis that deepened within the last three years in particular Eurozone countries makes up one of … European Monetary Union and the introduction of the euro as a single currency in the late 1990s. Finally, the study also …