others used the gravity model on a much smaller data set to estimate the effects of the euro on trade among its members. The … that were estimated in the euro's first four years hold up in the second four years? The answer is yes. Second, and more … explanations for the gap between 15% and 200%. First, lags. The euro is still very young. Second, size. The European countries are …

The possibility that the euro area might break up was being raised even before the single currency existed. These … scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various … unlikely, I argue here, that one or more members of the euro area will leave in the next ten years; total disintegration of the …

All of the attempts to end the euro crisis and to return the Eurozone countries to healthy growth rates of income and …

With many emerging market currencies tied to the U.S. dollar either implicitly or explicitly, movements in the exchange … emerging market perspective. Given that sterilized intervention by industrial economies tends to be ineffective and that policy … authorities to use domestic monetary policy to that end. Under a system of target zones, then, relative prices for emerging market …