-asset price movements in a sign-restricted BVAR model to analyse the extent to which euro area and US yields, equity prices, and … the euro-US dollar exchange rate are jointly driven by monetary policy, macro and global risk factors. A novelty is that … of euro area financial variables. Euro area shocks transmit much less to US financial markets in comparison, with global …

With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are …, bivariate and multivariate cointegration techniques are used to assess the degree of integration in four loans and two deposit …

innovations to 10 economic sectors within the euro area, the United States, and the United Kingdom. We use daily data from January …

euro area to assess progress in their integration since the launch of the single currency. This approach is based on …

-ins for monetary union with respect to Germany. Using tests for cointegration and common features for monthly data during the …