This paper analyses the issues raised by EMU for the relationships between the euro area and the international … financial system. The depreciation of the euro exchange rate since the beginning of EMU has attracted most attention. The paper … that the authorities should take a more active policy stance. The paper assesses the role of the euro as an international …

What is the current state of sovereign credit risk across Euro zone? Does the recent fiscal crisis extend to other (non … Euro zone) countries? Is Greece the center of the problem? How did the current fiscal crisis in the Euro area start? Who is … behind it? Why can it evolve? How can it be addressed? And, is a fiscally-challenged country likely to want to leave the Euro …

How Greece can free itself from the Euro's stranglehold by introducing a new government managed payment system based on …

Purpose – This paper examines the recently realized continuous volatility and discrete jumps of US Dollar/Euro returns … Dollar/Euro exchange rates have smaller daily jump probabilities by 20-30% than when we do not include the periodicity …, the five minute returns of US Dollar/Euro have considerably smaller jump probabilities …

invoice currencies in the transmission of exchange rate shocks. In this paper, we examine the introduction of the euro as a … open economy trading with the Eurozone over the period 1997-2010. Before the euro, exports to the Eurozone were dominated … by the US dollar, and euro legacy currencies were rarely used. The introduction of the euro led a substantial number of …

countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of … introduction of the euro caused a structural change in exchange rate pass-through. Although some estimated point elasticities have … manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to …

European economies belonging to the EU but not to the euro area. This has partly shielded their financial markets from the … conditional correlation multivariate GARCH model, and by resorting to three different proxies to describe the functioning and …

improve the Euro architecture, restore the uniqueness of the Euro interest rate term structure, exit from the crisis and …