This paper tests the hypothesis on market efficiency for returns on the euro against fifteen currencies while assuming …

The euro was launched, on 1 January 1999, as a common currency for members of the European Union that complied with the … impact of the euro on the degree of market integration by looking at the comovement of the European equity markets and a … sample of OECD equity markets. Weekly stock market indices for the period covering seven years before the euro and seven …

rates EUR/GRD and EUR/ITL during the euro zone membership period. Leaving the euro area one can expect the following market … rates: EUR/GRD 600 and EUR/ITL 1850. That would mean 75% depreciation and 5% appreciation to the current euro parities EUR …