nominal and real effective exchange rate indices of the euro. Building on the work of Buldorini et al. (2002), it shows how … developments for both the euro area as a whole and individual Member States. While the growing importance of China is reflected in … the updated trade weights of euro effective exchange rates, it appears that the increasing integration of the euro area …

Albanian economy is strongly dependent on its trade with Europe and in particular with the Euro area. The paper … examines the international transmission mechanisms between Albania and the Euro area, linking its inflation and interest rates … with the Euro area ones. The attention is focused on the purchasing power parity, the uncovered interest rate parity, the …

central and east Europe. Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic … when these exchange rates are expressed in nominal terms against the euro …

-makers at various levels, in order to clarify the following major issues: a shorter transition to the euro, the exchange rate …

misalignment in the euro area over the period 1980-2014. In a panel data setting, we find significant links between real exchange … percentage point inflationary differential between individual country and the euro area itself translates into 1.7 percentage … peripheral countries of the euro area has been increasing since mid-2000s. At the end of observed period this trend partially …

-S type of regression for each regime. Our results show that, for countries which pegged to or adopted the euro, the effect of … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

This study first assesses recent misalignments of the real effective exchange rate (REER) of the euro area and of the … evidence of a modest overvaluation of the euro-area REER in 2017, partly linked to the nominal appreciation of its currency in …

From the onset of the euro crisis to the Brexit vote, we have witnessed impressive reductions of current account … imbalances in peripheral countries of the euro area. These reductions can be the result of either a compression of internal … demand or an improvement in external competitiveness. In this paper, we compute exchange rate misalignments within the euro …

magnitude of these two effects on the Euro area countries, looking at real effective exchange rates (REER) and at different … than the second when we compare relative changes on Euro area countries and the rest of the world in the relevant period …