The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In … integration of European financial markets emphasizing the enormous structural changes that came about since the euro has been …

The paper compares the degree of capital market integration across euro-area countries with that across regions in … Italy and provinces in Canada. Analyzing saving-investment correlations, and developing as well as fitting to the data a … capital flows within the euro area that would entail sizable shifts in countries’ equilibrium current accounts …

The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …