project. This is particularly true as finance in continental Europe is traditionally bank-dominated. The creation of a single … currency on the degree of integration between the potential retail interest rate markets in the Euro area. Given the non … to January 2004 as well as on the pre- and post-Euro sub-periods …

Should we blame the euro for widening of current account deficits in the EMU? In this paper, we employ time … of the euro. Our aim is to assess to what extent the increased current account deficits could be attributed to the single … currency and to the role of other variables, especially fiscal policy and developments of financial sector. We show that euro …