number of weaknesses in the approach taken in the eurozone. In Europe, there was an unresolved tension between the so …

the introduction of euro. This book contributes by applying co-integration techniques, within which correlation matrix and …

This paper analyzes market integration among long term government bonds in the Eurozone since the inception of the Euro …

-asset price movements in a sign-restricted BVAR model to analyse the extent to which euro area and US yields, equity prices, and … the euro-US dollar exchange rate are jointly driven by monetary policy, macro and global risk factors. A novelty is that … of euro area financial variables. Euro area shocks transmit much less to US financial markets in comparison, with global …

With the introduction of the Euro, a single European money market has emerged. Further wholesale financial markets are …, bivariate and multivariate cointegration techniques are used to assess the degree of integration in four loans and two deposit …

This paper describes the dynamics of the external positions of euro area countries since the formation of EMU. While … the euro represented a fundamental financial shock, whose effects then coincided with a reshaping of the international … builds a profile of the international balance sheets of euro area countries in order to understand the sources and …

The debt crisis in several member states of the euro area has raised doubts on the viability of European Economic and … Monetary Union (EMU) and the future of the euro. While the launch of the euro in 1999 stirred a lot of interest in regional … had the opposite effect, even raising expectations of a break-up of the euro area. Indeed, the crisis has highlighted the …