We study how the adoption of the euro as the common currency in Europe has affected firms' investment rates. Using … corporate data from the eleven countries that adopted the euro in January 1999, as well as from a control sample of five other … European countries, our paper shows that: (i) the euro has increased investments for firms from countries that previously had …

In this paper we study the changes in corporate valuations induced by the adoption of the euro as the common currency … in Europe. We use corporate-level data from eleven countries that adopted the euro, the three EU countries that did not … start using the euro, as well as Norway and Switzerland. We show that the introduction of the euro has increased Tobin's Q …

of Economic and Monetary Union (EMU) in Europe. We use corporate - level data from ten countries that adopted the euro …, the three EU countries that did not join EMU, as well as Norway and Switzerland. We show that the introduction of the euro … here supports the view that the introduction of the euro has lowered firms' cost of capital by eliminating currency risks …

We study how the adoption of the euro as the common currency in Europe has affected firms' investment rates. Using … corporate data from the eleven countries that adopted the euro in January 1999, as well as from a control sample of five other … European countries, our paper shows that: (i) the euro has increased investments for firms from countries that previously had …

In this paper we study the changes in corporate valuations induced by the adoption of the euro as the common currency … in Europe. We use corporate-level data from 17 European countries of which 11 adopted the euro. We show that the … introduction of the euro has increased Tobin's Q-ratios by 17.1% in the euro-area countries that previously had weak currencies …

led to its establishment as a response to the current fiscal crisis in the euro area are the subject matter of Section 1 …