We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our …. One of the key findings is that the eurozone countries in trade with Norway have substantially increased their share of … home currency invoicing after the introduction of the euro. In addition, the euro as a vehicle currency has overtaken the …

, 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 …

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

description of the two main aggregate euro area models at the ECB. Both models share a common core but their detailed … block, which is useful for conditioning the euro area projections on assumptions about foreign economic activity, prices and …

We discuss the scope of asymmetries in growth and inflation developments in the euro area countries, taking the euro … well as for inflation, the asymmetries with respect to the euro area are mainly the result of genuine asymmetric shocks. We … euro area. This approach typically leads to a division of countries between a core and a periphery, the former consisting …

indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …