present diverse arguments and, where possible, explore the incipient empirical literature focussing on the euro area. Our …

This paper addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro … -- on economic and financial structures, institutions and performance. What type of changes is the euro fostering? What … forces is it setting in motion that were not there before? Six years after the launch of the euro, was an appropriate time to …

We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the … autoregression (VAR) model. We argue that the euro area is more appropriate through the lens of empirical OCA properties when the … relative importance of common symmetric shocks is high, but, at the same time, is not overly dispersed across euro area member …

This paper addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro … on economic and financial structures, institutions and performance. What type of changes is the euro fostering? What … forces is it setting in motion that were not there before? Six years after the launch of the euro, was an appropriate time to …

We propose a new and time-varying optimum currency area (OCA) index for the euro area in assessing the evolution of the … autoregression (VAR) model. We argue that the euro area is more appropriate through the lens of empirical OCA properties when the … relative importance of common symmetric shocks is high, but, at the same time, is not overly dispersed across euro area member …

We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing after the introduction of the euro, whereas the home currency share of non-eurozone countries fell slightly. In … addition, the euro as a vehicle currency has overtaken the role of the US dollar in Norwegian imports. The substantial rise in …

We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing after the introduction of the euro, whereas the home currency share of non-eurozone countries fell slightly. In … addition, the euro as a vehicle currency has overtaken the role of the US dollar in Norwegian imports. The substantial rise in …

euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …

moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …