euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …

definition of price stability at a time of deflationary pressures. The euro's exchange rate has not been greatly impacted by the … recent currency war; the euro continues to be overvalued, but less than before. …

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 …

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …

The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …

, 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 …

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 …