lessons for EMU? We study these questions based on regional data from the US, Canada, the UK and Italy, and national data from … will reduce the capacity of the members of EMU to smooth shocks via macroeconomic policy, the regime will promote smoothing …

lessons for EMU? We study these questions based on regional data from the US, Canada, the UK and Italy, and national data from … will reduce the capacity of the members of EMU to smooth shocks via macroeconomic policy, the regime will promote smoothing …

lessons for EMU? We study these questions based on regional data from the US, Canada, the UK and Italy, and national data from … will reduce the capacity of the members of EMU to smooth shocks via macroeconomic policy, the regime will promote smoothing …

processes which have to be estimated by discretely sampled observations. Using daily exchange rate data prior to the Greek EMU … increased central bank intervention activities in the run-up to the Greek EMU entrance. Thus the modelling and estimation …

-switching GARCH model this paper estimates the volatility processes of four EMU exchange rate returns vis-?-vis the German mark using … daily data for the time prior to Stage III of EMU. Statistical inference yields the dates at which financial markets began … to incorporate the expected EMU participation of each country into currency pricing. The data exhibits strong econometric …

We disentangle different driving factors of sovereign bond market integration by studying yield co-movements of EMU … increased gradually in the course of the last 15 years in EMU countries, as well as the UK, the US and the German Länder. The …