This paper uses the European Commission's Consumer Survey to assess whether inflation expectations have converged and whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers? responses to the survey suggest that inflation expectations depend more...

Finanzintegration über den Kurs als Vorgehensweise: Auflösung von Zinsgefällen am europäischen Geldmarkt Dieser Beitrag befaßt sich mit einer theoretischen und empirischen Analyse der Geldmarktintegration in der Europäischen Gemeinschaft. Er untersucht den Grad an Geldmarktintegration...

This paper uses the European Commission's Consumer Survey to assess whether inflation expectations have converged and whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers' responses to the survey suggest that inflation expectations depend more...

More competition among banks typically enhances the welfare of consumers. However, it may also involve a threat to financial stability, that is of vital importance for the functioning of economies. This study reveals that many forms of competition do not endanger financial stability, however....

This paper examines the vulnerability of banks in EMU countries to shocks to default risk premiums on public debt. This vulnerability depends on (1) the total amount of public debt in bank portfolios, (2) the extent to which the default risk of public debt of EMU member states is diversifiable,...

This paper examines the vulnerability of banks in EMU countries to shocks to default risk premiums on public debt. This vulnerability depends on the total amount of public debt in bank portfolios, the degree of geographical diversification of public debt holdings by banks, and the extent to...