This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …

This paper describes and analyses the evolution of euro area currency in circulation in the last years and especially … in the run up to the cash change-over. In particular, it revisits the possible effect of the latter on the euro … the three time series in question (euro banknotes, US dollar banknotes, exchange rate). The main conclusion is that there …