This paper studies the reaction of the mean 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 …

Von Anfang an sollte der Euro mehr sein als eine Währung: Er verkörpert den Wunsch nach Einheit und Frieden in Europa …

nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …

balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for …

This paper describes and analyses the evolution of euro area currency in circulation in the last years and especially … in the run up to the cash change-over. In particular, it revisits the possible effect of the latter on the euro … banks through its open market operations. The empirical part of the paper applies several statistical tools to investigate …