In this paper, the capital market relations between the Euro area and the USA are subject to investigation. Formally … based on the uncovered interest rate parity (UIP), first a longrun equilibrium between Euro and US government bond yields is …

(1988) and Johansen and Juselius (1990) cointegration tests and VECM approach in investigating the dynamic linkages between …

, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and …

This paper focuses on macroeconomic interdependencies among the euro area member countries over the period 1984 … vector error correction models with broken deterministic components. The euro area turns out to be an integrated entity, even … if national economies still exhibit a certain degree of heterogeneity. The results also suggest that up to now the “euro …

data, the study found that there is a cointegration relationship among the stock markets of all countries as analyzed by … Johansen cointegration test; in other words, there exists a long-term relation among them. The results of Granger causality …

This paper addresses the question of the British state of convergence towards the Euro area, compared to the USA … calculations carried out in a cointegration framework. As the evidence for the single parities remains unconvincing, UIP and EHT …