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nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …
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This paper describes and analyses the evolution of euro area currency in circulation in the last years and especially … in the run up to the cash change-over. In particular, it revisits the possible effect of the latter on the euro … banks through its open market operations. The empirical part of the paper applies several statistical tools to investigate …
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Evaluation of the financial costs of a Eurozone breakup depends critically on the interpretation of TARGET balances. While it has been argued that TARGET claims in the Eurozone can be written off without incurring any losses on the claimants as the value of fiat money is independent of the...
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