The possibility that the euro area might break up was being raised even before the single currency existed. These … scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various … unlikely, I argue here, that one or more members of the euro area will leave in the next ten years; total disintegration of the …

others used the gravity model on a much smaller data set to estimate the effects of the euro on trade among its members. The … that were estimated in the euro's first four years hold up in the second four years? The answer is yes. Second, and more … explanations for the gap between 15% and 200%. First, lags. The euro is still very young. Second, size. The European countries are …

This paper estimates a linearised DSGE model for the euro area. The model is New Keynesian and allows for a role for …

the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality … adverse political developments at home, a potential drawback is that it may provide weaker market discipline for domestic …

This paper examines bond and stock market volatility reactions in the euro area and the US following their respective … the US and euro area bond and stock markets are used. A strong upsurge in intraday volatility at the time of the release … policy path. The observed strong discrepancy between asset price reactions in the US and in the euro area following monetary …