particularly pronounced in intra-euro area capital flows and after the introduction of the common currency. If we control for the …

particularly pronounced in intra-euro area capital flows and after the introduction of the common currency. If we control for the …

This paper presents a detailed set of new, quantity-based indicators of financial integration in the euro area. The …-border investment activity from the banking sector towards other non-bank financial entities. In particular, our results show that euro … area banks significantly decreased their investment in debt securities issued by banks in other euro area countries and …

In July 1990, the project of the European Monetary Union (EMU) started and finally led to the introduction of the Euro … expectation of real harmonization of fundamental values as opposed to an expectation that countries of the Euro Area will be saved …

This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR …

This paper empirically investigates the transmission of systemic risk across the Euro Area by employing a Global VAR …

In this paper we study how the introduction of the euro has affected corporate financing in Europe. We use firm …-level data from eleven euro area countries as well as from a control group of five other European countries spanning the years … 1991–2006. We show that firms from euro area countries that previously had weak currencies have increased both their equity …

model. By grouping the countries into euro area countries, "old" EU member states outside the euro area, and new EU member … states, we also evaluate the impact of euro introduction and the European unification process on stock market integration. We … market capitalisation and hindered by foreign exchange risk between old member states and the euro area. Interest rate …

The main objective of this paper is to study whether the introduction of the euro had an impact on the degree of … and Eurozone risk) on Government bond returns, in the two groups of countries (EMU and non-EMU) in EU-15. Our empirical … evidence suggests that the impact of the introduction of the euro on the degree of integration of European Government bond …