Using a multiple market model I examine the impact of euro expansion on the optimal currency denomination of external … EU imports. Results suggest euro invoicing will increase more in the EU-expansion country than in the original EU … invoice in the euro if price discrimination is already optimal. Firms from outside the dollar bloc are more likely to use the …

prospective membership of the EU plays a decisive role in the choice of the euro as invoicing currency. The role of the euro as … differentiation favour vehicle pricing in U.S. dollar. An increase of euro invoicing due to higher exchange rate volatility supports … the role of the euro as vehicle currency, however. High market power defined as the share of a country's total exports to …

Target2 is the Eurozone's cross-border payment system and is mandatory for the settlement of euro transactions …

The structure of the international banking market has evolved in important ways since the introduction of the euro in … 1999. In comparison to legacy currencies, the use of the euro in cross-border banking transactions grew on aggregate, and … the bilateral linkages within the euro area became more dispersed in the years after its introduction. However, growth in …