The paper presents an empirical analysis of the demand for money in the euro area (M3) over the period 1981-2008. To explain the rapid growth of money since 2001, wealth variables are taken into account though real stock and house prices. Two different estimation techniques have been used: an...

This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...

The aim of this article is to investigate the links between semiconductor sales and various macroeconomic, financial, industrial variables including inventories, equipment orders or semiconductor sector stock index. Statistical properties of these variables are studied. Both short-run and...

<Para ID="Par1">We study the influences of new-firm start-ups on growth at the regional and macroeconomic level in France using a quarterly database over the 1993–2011 period. We find that fluctuations in GDP are an early indicator of new-firm start-ups. Nevertheless, the most important relationships are...</para>

In this paper, we study the links between new-firm startups, gross domestic product (GDP) and unemployment rate in France using a quarterly data basis over the 1993-2011 period. Interactions are analyzed, in the short and long run, in two main dimensions: the regional and the national...