, euro area and UK data points to a substantial deviation from that invariance prediction: expectations of interest rate …

This paper documents the evidence for a productivity based model of the dollar/euro real exchange rate over the 1985 … the Johansen (1988) and Stock-Watson (1993) procedures. We find that each percentage point in the US-Euro area …

At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to … between member countries whether or not members have also adopted the Euro. The Euro adoption as well as the anticipation of … the Euro adoption has minimal effects on market integration …

exist in most Eurozone countries. Although the European Central Bank managed the euro in a way that achieved a low rate of …The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several … monetary union. The emergence of these problems just a dozen years after the start of the euro in 1999 was not an accident or …

This study grounds the establishment of EMU and the euro in the context of the history of international monetary … for a more expansive monetary policy. Such demands might arise in some parts or regions or countries of the euro area, but …

nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …

Union. I first show that the Swedish business cycle since the mid-1990s has been closely correlated with the Euro area …