last two waves of EU enlargement have had on Russia, as well as the role of the euro in Russia. The analysis suggests that … euro by Russian residents and authorities in international transactions has increased, albeit at an uneven pace. While, in … general, the US dollar remains the major foreign currency used by Russian residents, the euro has gained importance as an …

subsidisation, price effects ensuing from a hypothetical world oil price reduction linked to substitution in the EU market, and …

This paper constitutes to our best knowledge the first econometric analysis on stock market effects of the EU Emission … differently to EUA appreciations in comparison to depreciations. The carbon market effect is shown to be both time- and … countryspecific: It is particularly strong for the period of EUA market shock in early 2006, and differs with respect to the countries …

the introduction of the common currency in the euro area, there is little evidence that a similar integration process is … role of an active market for corporate control and of competition in banking integration. European listed banks … no tendency to revert to a common target rate of profitability. Overall, the banking market in Europe appears far from …

"where-flexibility" of emission abatement thus represents an attractive market-based alternative to the application of border …