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Diversification opportunities in Euroland appear to have improved significantly since the advent of the euro, thus … the time series of return dispersions suggestive of cycles and long swings in return correlations. The most recent post-euro …
Persistent link: https://www.econbiz.de/10005771845
France currently needs deep structural reforms to boost competitiveness; but such reforms seem impossible while France remains in the straitjacket of the rules-bound transfer union that is the current Eurozone. High outstanding sovereign debt coupled with almost zero economic growth pose a real...
Persistent link: https://www.econbiz.de/10005795873
In this paper, we document how in the wake of monetary unification the markets for Euro-area sovereign and private …-sector bonds have become increasingly integrated. Issuers and investors alike have come to regard the Euro-area bond market as a … EMU. The persistence of small and variable yield differentials for sovereign debt under EMU indicates that Euro-area bonds …
Persistent link: https://www.econbiz.de/10005802074
This paper examines the immediate and the fundamental causes of the crsis that hit the European Monetary System in September 1992 and August 1993 and the obstacles that European countries face in trying to achieve their ultimate goal of full monetary union, including a single currency and a...
Persistent link: https://www.econbiz.de/10005809956
the future of the top currencies — the dollar, euro and yen— will be influenced by three key considerations: the logic of …
Persistent link: https://www.econbiz.de/10005812086
The actual preparation and adoption of the euro is, for Romania, the most important challenge of the first decade after …
Persistent link: https://www.econbiz.de/10008511867
Economic and Monetary Union and implicitly adopted euro as their currency of movement for all member countries. The new global …
Persistent link: https://www.econbiz.de/10008511997
maintained foreign exchange reserves. Ten years after the euro was launched, the US dollar’ share in foreign exchange reserves …
Persistent link: https://www.econbiz.de/10008514765
non-Eurozone European firms has increased since the advent of the euro, but this rise was smaller for Eurozone than non …
Persistent link: https://www.econbiz.de/10008515084
Persistent link: https://www.econbiz.de/10008515298