between exchange rates and prices, showing that there is at most a moderate decline in exchange rate pass-through for the euro … of euro area exports to exchange rate changes may have declined somewhat as a result of globalisation, reflecting mainly … exchange rates on GDP and the potential role of valuation effects as a transmission channel in the case of the euro area. …

As a major player in world trade, the euro area is strongly influenced by globalisation, but is far from being a … passive spectator. The paper analyses how the euro area’s trade specialization has changed in response to stronger … remains mixed. On the positive side, the export specialisation of the euro area is increasing in some mediumhigh or high …

euro area and for supervising all euro area banks in order to ensure their safety and soundness, some directly and some …

first is the global financial crisis in 2008-09, and the second is the euro area sovereign debt crisis in 2010-12. Both … sequence of financial reforms has improved the sector's ability to deal with major macro-financial shocks at the EU/euro area …

global competitiveness of euro area countries - market accessibility, market size, technological leadership of firms and … and prospects for the competitiveness and trade performance of the euro area and the euro area countries. Starting from an … studies that there have been substantial adjustments in euro area trade. Euro area firms have taken advantage of the new …