Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the … process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. …

Four years after the introduction of the euro, this paper provides an overview of the current structure and integration … of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure … with that of the United States and Japan. Using new and comprehensive financial account data, we also describe how the euro …

process. We identify the impact of (i) joining the European Union and (ii) joining the Euro on cross-border M&As. We show that …'s financial system and product market regulations). -- Cross Mergers and Acquisitions ; Gravity Equation ; Euro …

This paper investigates whether comovements between euro area equity returns at national and industry level have … changed after the introduction of the euro. By adopting a regression quantile-based methodology, we find that after 1999 the … degree of comovements among euro area national equity markets has augmented. By explicitly controlling for the impact of …

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 …

In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI … countries located outside the monetary union increase. Such flows are however not more likely be directed towards euro area …

the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality …

We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging … the original euro area countries covering the period between 1990Q1 and 2016Q4. Using the Weighted-Average Least Squares … for all countries in the sample. An improvement in competitiveness matters for growth in the overall euro area in the long …