exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro …

We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends …, non-euro countries participating in the banking union will not be on equal footing with euro area members. Analysis …-capitalized backstops is established it may be optimal for a non-euro country to join the banking union upon the euro adoption. Assessing …

appears to model the impact of the economic crisis as an exogenous demand shock which has hit the euro area countries …

national variables. We estimate our macro model using quarterly data from Q1 1984 to Q4 2007 for the G7 countries plus the euro …

In the past decade, a set of euro area countries has accumulated large current account deficits. After a brief … relaxation of the euro area internal imbalances in the wake of the financial crisis, it appears as if this pattern arises anew … readjustment of intra-euro area current account balances. A panel regression reveals a significant impact of structural reforms on …

In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows … stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR … applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …

technically out of reach within the euro area. -- Exit strategies ; international policy coordination and transmission ; open … market operations ; unorthodox monetary policy …