Die Realisierung der Europäischen Währungsunion und ihrer Währungseinheit Euro stellt sich für Banken und Finanzmärke dar als gravierende Umfeldveränderung, die sich vielfältig auswirkt.

I should like to divide my remarks today on the process of European Monetary Integration into three parts. The first is a brief assessment of the progress towards convergence. Under the Treaty, the EMI is assigned an important role in assessing whether countries entering Economic and Monetary...

Identifying exogenous variation in monetary policy is crucial for investigating central bank policy transmission. Using newly-collected archival real-time data utilized by the Central Bank Council of the German Bundesbank, we identify unexpected changes in German monetary policy from 580 policy...