In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI … countries located outside the monetary union increase. Such flows are however not more likely be directed towards euro area …

This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the … end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using … literature on public support for the euro. First, we find a majority of citizens support the euro in nearly all 19 euro area …

Well-functioning economic structures are key for resilient and prospering euro area economies. The global financial and … sovereign debt crises exposed the limited resilience of the euro area’s economic structures. Economic growth was masking … underlying weaknesses in several euro area countries. With the inception of the crises, significant efforts have been undertaken …

Twenty years after the introduction of the euro, this Weekly Report uses an empirical analysis to assess the … Bank (ECB) cannot outperform its national predecessors, as the euro area countries experience different business cycles yet … unable to counter long-term macroeconomic imbalances. To protect euro area countries from crises more effectively, priority …

This paper presents a novel approach to investigate and model the network of euro area banks' large exposures within … risk of the euro area banking system based on bilateral linkages. We then develop a Contagion Mapping (CoMap) methodology … that tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a …

We investigate how adopting the euro affects exports using firm-level data from Slovakia and Estonia. In contrast to … previous studies, we focus on countries that adopted the euro individually and had different exchange rate regimes prior to … and changes in the average value of the exports that compose the exports of individual firms. The euro effect is …