. First, the introduction of the Euro currency unit greatly reduces the complexity of including foreign exchange risk in asset … pricing models. We use a synthetic Euro excess return along with a Yen excess return to assess country equity sensitivities to …

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 …

We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of … U.K. import price indices by raising the prices of existing products and by reducing product variety from the E.U. We … find evidence that the risk of higher import protection from the 2016 referendum increased current import price indices by …

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

in the United Kingdom and the euro area, have increased our ability to evaluate the effects that joining monetary union ….K. regime (CPI inflation targeting combined with a floating exchange rate), and adoption of the euro, as monetary policy options … stability under monetary union also diminishes if imports from the euro area are modeled as primarily intermediates instead of …