The euro is a new currency, and the ECB as a new institution still has to establish its reputation. The best way to do … crisis will be the real test for the euro. Politics has to accept the depolitization and the denationalization of the common …

In this paper we study the effect of the single currency across industries for euro area members. This analysis may … help to shed light on the main factors influencing the euro effect on trade flows. We intend to verify whether these … factors are specific to individual sectors and/or countries or common to the entire euro area. We use a dynamic specification …

On January 1,1999 euro became the currency for 11 member states of the European Union. Since then the dollar-euro … exchange rate has completed a full turning. Three years of depreciation of the euro followed by three years of appreciation … without wild fluctuations asks for an explanation which would adequately account for the position of the euro as an emerging …

At the beginning of 1999 the euro was launched as a common currency in 11 European countries. This paper addresses … empirically the medium to long-term forces driving the real euro-dollar exchange rate. Constructing a synthetic euro … determinants of the real euro-dollar exchange rate: the international real interest rate differential, relative prices in the …

In this paper we examine changes on investment decisions induced by the introduction of the Euro. There are two … potential sources of portfolio reallocation. First, the introduction of the Euro diminished exchange rate risks within the EMU …

The establishment of the ECB and with it the launch of the euro has arguably been a unique endeavor in economic history …

Microfoundations of the euro's effect on euro area trade hinge on the timing, the speed and the size of adjustment in … at the sector level. We find that, due to falling trade costs, trade within the euro area increases between the years … 2000 and 2003 by 10 to 20 percent compared with trade between European countries that are not members of the euro area …