euro-area framework. The aim is to assess the propagation mechanisms of real shocks, focusing on the interconnections among … the north euro area and the south euro area. We incorporate theory-based long-run restrictions and examine the effects of … support for symmetric adjustment in the euro area; an expansionary policy of the north euro area and increased competitiveness …

political issues: an accesible guide.This history and analysis of the euro and the European Central Bank traces the process of … making of European monetary unification since 1979, offers an accessible guide to the euro and the European Central Bank for … policy, monetary policy, the euro as unifier in the financial system, the payment system, the euro as an international actor …