banks, because the Euro will have to be bought by these banks in exchange for assets which have been accumulated in the … bases such as France and the UK and it will be disadvantageous for countries like Germany, the Netherlands and Spain which …

This paper studies the relationship between inflation, output, money and interest rates in the euro area, using data …

We study the mechanisms through which the adoption of the Euro delayed, rather than advanced, economic reforms in the … Euro zone periphery and led to the deterioration of important institutions in these countries. We show that the abandonment … process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …

. Based on data from four major euro area countries, the paper estimates the key structural parameters using a simulated … stock returns. Monetary policy has a larger impact on consumption in Italy and Spain compared to France and Germany …