French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …, as the CFA - Zone never fulfilled the most crucial preconditions of an optimal currency area. The peg to the EMU …

We disentangle different driving factors of sovereign bond market integration by studying yield co-movements of EMU … increased gradually in the course of the last 15 years in EMU countries, as well as the UK, the US and the German Länder. The … euro, as well as increasing international capital flows, appear to drive low frequency integration. In contrast, yield …

The impact of EMU on the transatlantic exchange rate stability raises the more general question of whether the exchange … States, Germany and France, over the 1972-1995 period. Then we compare EMU, the ERM and a floating regime through stochastic … simulations. We show that EMU could reduce the variability of the transatlantic exchange rate compared both to the ERM and to a …

In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal … methods. We draw a distinction between movements within Germany, circulation outside Germany but within the euro area and … demand from non-euroarea countries. Our approach suggests that only about 20% of euro notes issued by Germany are used for …

bargaining, with traditional stakeholderist institutions, but also with the asymmetrical design of the EMU that benefits trade …

We disentangle different driving factors of sovereign bond market integration by studying yield co-movements of EMU … increased gradually in the course of the last 15 years in EMU countries, as well as the UK, the US and the German Länder. The … euro, as well as increasing international capital flows, appear to drive low frequency integration. In contrast, yield …