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 …

As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is … no country face a deflation. This minimum aggeragate inflation rate is 0.94% in the euro-11 countries and 1.13% in an …

banks, because the Euro will have to be bought by these banks in exchange for assets which have been accumulated in the …

While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and …

six Euro-area countries over the period 2004-2011. As a first step, the supposed non stationarity of the two series is … cash and synthetic market's valuation of credit risk differ to various degrees. The VECM analysis suggests that the CDS … market moves ahead of the bond market in terms of price discovery. These findings are further supported by the Granger …

Foreign exchange reserve accumulation has risen dramatically in recent years. The introduction of the euro, greater … currencies. Making various assumptions on expected currency returns and the variance-covariance structure, we assess how the euro … market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank's desire to hold a sizable …

The introduction of the euro on 1 January 1999 created the conditions for an integrated government bond market in the … euro area. Using a unique data set from the electronic trading platform Euro-MTS, we consider what is the benchmark' in … this market. We develop and apply two definitions of benchmark status that differ from the conventional view that the …