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 a two-country Dynamic Stochastic General Equilibrium model for the US and the euro area including relevant … importance of the collateral channel in the euro area. Moreover, we document the various implications of credit frictions for the …

We use a novel disaggregate sectoral euro area data set with a regional breakdown to investigate price changes and …, that leads to new insights regarding the properties of sectoral price changes. - Disaggregated prices ; euro area regional …

This paper presents first the estimation of a two-country DSGE model for the euro area and the rest …

Through the euro area crisis, financial fragmentation across jurisdictions became a prime concern for the single … the credit intermediation chain is significant and quite heterogenous across the largest euro area countries. The … introduction of global portfolio frictions on euro area government bond holdings by international investors opens up for a larger …

(Why) do prices and inflation rates differ within the euro area? We study the relevance of a national border for …

. - Contagion ; financial crisis ; equity markets ; global transmission ; market integration ; country risk ; factor model …