At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to … between member countries whether or not members have also adopted the Euro. The Euro adoption as well as the anticipation of … the Euro adoption has minimal effects on market integration …

Union as well as the Eurozone on both economic and financial integration. In integrated markets, discount rates and expected … Euro was not associated with increased integration. Our results do not change when the sample is extended to include the …

number of weaknesses in the approach taken in the eurozone. In Europe, there was an unresolved tension between the so …