This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …

The age of the euro has cast central banks in a newly prominent role in European integration and in macro …-economic policy making in Europe. This text examines the effects of the euro as the new European single currency on the central banks …

; Part 1 Macroeconometric evidence on the transmission mechanism in the euro area; Part 2 Firms' investment and monetary …; Part 4 Monetary policy in the euro area: summary and discussion of the main findings; Appendix; References; Figures; Tables … national economies of the Euro-zone. Analysing macro and micro-economic evidence, with chapters by central bank economists …