nominal and real effective exchange rate indices of the euro. Building on the work of Buldorini et al. (2002), it shows how … developments for both the euro area as a whole and individual Member States. While the growing importance of China is reflected in … the updated trade weights of euro effective exchange rates, it appears that the increasing integration of the euro area …

We study exchange rate pass-through (ERPT), i.e., the impact of exchange rate movements on inflation, focusing on euro …

We trace the imprint of the ECB's expanded asset purchase programme (APP) on international bond portfolios and euro …-denominated deposits. Our analysis suggests that non-bank financial institutions (NBFIs) located outside the euro area sold large volumes … of euro area government bonds and kept a substantial fraction of the proceeds as euro-denominated deposits, primarily in …

After the inception of the euro, the real economy in most member countries remained dependent on credit by domestic …-decker' banking integration exposed domestic banks to sharp declines in cross-border interbank lending during the eurozone crisis. As … shock leading to a sudden stop in cross-border interbank lending in the eurozone is required to account for them. …

transmission of monetary policies of the U.S., euro area, Japan, and United Kingdom. Two other studies use international data with …

Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in … from international banks. Eurozone banking integration in the years 2000-2008 mainly involved cross-border lending between …

account how the EU operates. The Eurozone still makes sense in order for Europe to compete in an increasingly globalised … economy, and the paper suggests a new framework to provide longer-term stability for the Euro currency. Highlights include …). 2) The Eurozone's framework was known to be flawed by the politicians who created it; its inception was a political …

We study exchange rate pass-through (ERPT), i.e., the impact of exchange rate movements on inflation, focusing on euro …