The paper presents a model-based assessment of fiscal multipliers operating in the euro area during the period 2011 …

Large increases in TARGET2 balances in the euro area since 2008 have led to concern and debate about the appropriate … COVID-19 pandemic. Moreover, this paper analyzes the potential risks for euro area member states in the case of (i) the … potentials if TARGET2 debtor countries pretend to plan to leave the euro area. Based on this, we discuss adaption options for the …

This article introduces a new indicator to measure redenomination risks in Euro area countries. The measure is based on … abandoned for most Euro area countries, i.e. the former crisis countries Ireland and Portugal. If anything an appreciation may …

This article introduces a new indicator to measure redenomination risks in Euro area countries. The measure is based on … abandoned for Euro area countries, i.e. the former crisis countries Ireland and Portugal. If anything an appreciation may occur …

We calculate the shareholder returns of the companies in the Euro Stoxx 50 in the period 2004 - April 2020. We analyze … 62 companies: 47 that were in the Euro Stoxx 50 in April 2020 and had trading records since December 2004 and 15 … companies that had been in the Euro Stoxx 50 in the period. In the period December 2004-April 30, 2020, 19 companies had …

widely expected that the euro will become an important international currency. This paper suggests simple methods how to …. Estimates presented indicate that the euro may indeed lead to a significant decline in the market share of the dollar as an … assumption that the euro will achieve a reputation similar to that of the deutschmark before EMU. The projected shifts can be …

Eurozone leaderships do not yet seem ready deal decisively with the sovereign debt crisis. In some respects, however …

Tommaso Padoa-Schioppa was one of the great architects of the euro. He is remembered in particular as co-rapporteur for …

towards the establishment of the ECB and the introduction of the Euro currency …