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. …

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 …

We assess whether the euro had an impact first on the degree of integration of European financial markets, and, second …, on the euro area term structure. We propose two methodologies to measure integration: one relies on time-varying GARCH … movements in both equity and bond euro area markets, suggesting that integration has progressed since the introduction of the …

process. We identify the impact of (i) joining the European Union and (ii) joining the Euro on cross-border M&As. We show that …

) indicators of the euro. This framework yields two sets of indicators - (i) one nominal and several real EER indices against a … narrow reference group of euro area trading partners based on different price and cost deflators; and (ii) a nominal and a … industrial and newly industrialised euro area partner countries, while the broad group is made up of 38 trading partners …