This paper examines co-movements and volatility spillovers in the returns of the euro, the British pound, the Swiss … franc and the Japanese yen vis-à-vis the US dollar before and after the introduction of the euro. Based on dynamic … with extreme economic episodes and, to a lower extend, with appreciations of the US dollar. Moreover, the euro (Deutsche …

The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In … integration of European financial markets emphasizing the enormous structural changes that came about since the euro has been …

two measures: continuous volatility and discontinuous jumps . Focusing on the euro-dollar exchange rate, we provide … relatively severe, and higher than normal. Disentangling the US and Euro area statements, we also find that abnormal levels of … volatility are mostly driven by the communication of the Euro area officials rather than US authorities …

Policymakers fear the potentially destabilizing impact of fickle global investors on emerging markets. Euro area … currency denomination and issuer-level risk factors. First, euro area investors exhibit a strong home currency bias that … manifests itself both as a cross-sectional preference and in the form of relatively stable flows to Euro-denominated bonds over …

economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US … have a statistically but also an economically significant impact on the euro, and to a lesser extent the yen against the US … the appreciation of the euro against the US dollar in recent years. Interestingly, EME policy-makers appear to have become …

correlations. We then apply the correlation forecasts to two policyrelevant topics, to produce scenario analyses for the euro …