Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

This paper considers how the European Union, and more specifically the euro area, can contribute to international … internal stability in the euro area and has promoted a dynamic development of capital markets. But in some respects, monetary … positions on exchange-rate policy, the international financial architecture, and the euro as an international currency …

The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …

the Euro by applying the cointegration analysis to exchange rates. The introduction of the Euro has changed the structure … credibility in the foreign exchange market, namely the Deutsche Mark, has been assimilated into the Euro. In order to evaluate if …

economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that …

countries, as well as evidence for persistence and network externalities. Exploiting the creation of the Euro, the paper finds a … large and significant Euro liquidity effect at the cost of the dollar, especially in the early years of the life of the new … currency. The estimates suggest that the Euro is making significant progress toward threatening the role of the dollar as the …

the Euro by applying the cointegration analysis to exchange rates. The introduction of the Euro has changed the structure … credibility in the foreign exchange market, namely the Deutsche Mark, has been assimilated into the Euro. In order to evaluate if …