short-term effects, sectoral differences and the impact of the Euro. The second chapter focuses on the endogeneity problem …

This study grounds the establishment of EMU and the euro in the context of the history of international monetary … reduce transactions costs of multiple currencies and thereby facilitate commerce; to reduce exchange rate volatility; and to … for a more expansive monetary policy. Such demands might arise in some parts or regions or countries of the euro area, but …

This study grounds the establishment of EMU and the euro in the context of the history of international monetary … reduce transactions costs of multiple currencies and thereby facilitate commerce; to reduce exchange rate volatility; and to … for a more expansive monetary policy. Such demands might arise in some parts or regions or countries of the euro area, but …