The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction … of the euro. Significant development in terms of integration took place in both markets in general to a various degree … but apply more generally to euro securities infrastructure, identifies fields where further action is required. This …

. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …

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 …

, Hungary and Poland) during the process of euro adoption. Experiences of some old members (Greece, Ireland and Portugal) and … Czech Republic was more difficult to foresee, but given almost complete interest rate convergence with the euro area only …

analyzed in combination with the situation in the rest of the euro area. To take this into account, a small macroeconometric … model is constructed that models the euro area as consisting of two regions, Germany and the rest of the euro area. The rest … monetary policy or of exchange rate changes on economic activity in Germany and the euro area. …

The launching of the EURO not only affects the members of EURO-Land, but it also affects the potential new member … Central Africa?s single-currency zone. These countries will adopt the EURO without belonging to the Union. And if Sweden …, Denmark, Greece and Britain join the single currency, then their overseas territories would automatically adopt the EURO too …

A major economic reason for the introduction of the euro was its supposedly positive effect on intra-EMU trade …. Existing studies examine this suspicion indirectly using non-EMU data and report ambiguous results. We estimate the euro … euro has significantly increased trade, with an effect of 4% in the first year and cumulating to around 40% in the long …

We reassess the result of unsustainability of the euro with respect to inflation differentials claimed by Wickens (2007 … rules so that the sustainability of the euro area and the member countries is reached over time with respect to supply and … developments within the euro area. …

This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …

. New descriptive evidence provided in this paper suggests that euro-area countries have made relatively good progress in …