Coeurdacier, Nicolas; Martin, Philippe - Department of Economics, Sciences économiques - 2009
our analysis on the impact of the euro for the determinants of trade in bonds, equity and banking assets. With the help of … a theoretical model, we disentangle the different effects that the euro may have on cross-border asset holdings for both … euro zone countries and countries outside of the euro zone. We find evidence that the euro implies 1) a unilateral …