Bartram, Sohnke M.; Karolyi, G. Andrew - EconWPA - 2002
This paper examines whether the introduction of the Euro in 1999 was associated with lower stock return volatility …, and Japan. We show that though the Euro led to a significant decrease in the volatility of trade-weighted exchange rates … of European countries, stock return variances of nonfinancial firms increased after its introduction. However, the Euro …