whether monetary policy convergence in the euro area led to a convergence in terms of exchange rate pass-through. We conduct a … comparative study between the "experiment group" (the euro area) and the "control group" (non-euro industrial countries). We find … evidence for stronger convergence of exchange rate pass-through for the euro area economies as a group, especially around the …

This report studies the reaction of the level and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …

. Nevertheless, the euro area currently consists of twelve countries. In the near to medium future, twelve additional countries will … become EU Members; most of these countries have announced they want swift euro area entry. This paper reviews the literature … considerable divergence within the current euro area and a generally slow process of convergence. In contrast, a number of new EU …