This paper analyses the issues raised by EMU for the relationships between the euro area and the international … financial system. The depreciation of the euro exchange rate since the beginning of EMU has attracted most attention. The paper … that the authorities should take a more active policy stance. The paper assesses the role of the euro as an international …

countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of … introduction of the euro caused a structural change in exchange rate pass-through. Although some estimated point elasticities have … manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to …

transmission of monetary policies of the United States, the euro area, Japan, and the United Kingdom. Two other studies use …

transmission of monetary policies of the United States, the euro area, Japan, and the United Kingdom. Two other studies use …

transmission of monetary policies of the U.S., euro area, Japan, and United Kingdom. Two other studies use international data with …