, cumulatively, due to low bond yields since the onset of the Euro crisis. In order to determine the contribution of the "flight to …

This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by … sample from 1980 to 2000. However, historical decompositions reveal that fluctuations since the introduction of the euro in …

variables. Therefore, I derive a financial market stress indicator (FMSI) for Germany and the Euro Area using a dynamic … about 30 percent in the Euro Area. I show that the inclusion of the indicator significantly improves out …

This paper uses the order book for 2007 and 2008 of a key Euro area market maker in the unsecured money market to …

This paper investigates if the euro's effect on euro-area trade differs across trade sectors and across country pairs …, and to what degree heterogeneity matters for estimating the aggregate euro effect. Time-varying latent variables, which …, aggregate exports within the euro area increase between 2000 and 2002 by 15 to 25 percent compared with aggregate exports …

support to the model predictions, especially in countries outside the euro area. …

I analyze spillover effects from Euro area monetary policy shocks to thirteen EU countries outside the Euro area, i … variables. An expansionary Euro area monetary policy shock raises production in most non-Euro area countries. Somewhat larger …, where foreign demand effects are particularly strong. In addition, a Euro area monetary expansion leads to declines in …

of the euro area. With a 1980-2001 sample, no consistent significant trade effects from the 1999 creation of EMU are …

die Euro-Zone. Obwohl die Methoden einige wichtige gemeinsame Eigenschaften aufweisen, zeigen sie auch erhebliche … methods commonly used have only limited information content for inflation forecasting in the euro-zone. Conclusions for …