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We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
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The inquiry into the global significance of the euro, which is the second most important currency in the international …’s strategic autonomy. The main obstacles impeding the further internationalisation of the euro include the lack of a sovereign … behind it and the heterogeneity and struc­tural problems of the euro area member states. The international status of the euro …
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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 …
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impact of the euro on economic convergence. The DPS method ensures a forensic examination of the diverse variable patterns …
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