This paper provides the first empirical examination of the microstructure of the euro money market, using tick data … maintenance periods and during the year 2000 changeover. Even intraday, overnight rate levels hardly differ across euro area …

We assess whether the euro had an impact first on the degree of integration of European financial markets, and, second …, on the euro area term structure. We propose two methodologies to measure integration: one relies on time-varying GARCH … movements in both equity and bond euro area markets, suggesting that integration has progressed since the introduction of the …

This paper provides the first empirical examination of the microstructure of the euro money market, using tick data … maintenance periods and during the year 2000 changeover. Even intraday, overnight rate levels hardly differ across euro area …

We assess whether the euro had an impact first on the degree of integration of European financial markets, and, second …, on the euro area term structure. We propose two methodologies to measure integration: one relies on time-varying GARCH … movements in both equity and bond euro area markets, suggesting that integration has progressed since the introduction of the …