In the automobile industry, as in many tradable goods markets, firms usually earn their highest market share within … their domestic market. The goal of this paper is to disentangle the supply- and demand-driven sources of the home market … advantage. While trade costs, foreign production costs, and taste heterogeneity all matter for market outcomes, we find that a …

across countries, we show that these expenditures explain the relative rise of concentration and market power in the US …

propose a comprehensive description of how monetary policy affects the euro area economy. We focus mainly on three questions … countries? (2) can the classic' interest rate channel (IRC) alone, without capital market imperfections, explain these facts? (3 …) if not, is the bank lending channel a likely candidate to complete the story? We find plausible euro-area wide monetary …

All of the attempts to end the euro crisis and to return the Eurozone countries to healthy growth rates of income and …

but also spilled over beyond the euro area. Lower interest rates allowed peripheral countries to run bigger deficits … analyze the geography of international debt flows using multiple data sources and provide evidence that after the euro … euro area …

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

the Euro adoption has minimal effects on market integration …At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to … equity market integration in Europe. We use a simple and essentially model free measure of bilateral market segmentation: two …

Although recent research shows that the euro has spurred cross-border financial integration, the exact mechanisms … remain unknown. We investigate the underlying channels of the euro's effect on financial integration using data on bilateral … euro's impact on financial integration is primarily driven by eliminating the currency risk. Legislative …