whether the private capital markets will be able to replace the government in providing output smoothing in the euro-area, in … countries, the EU-15 or euro-area countries, for the period 1970-1999. However, there were shown to be considerable differences … between the euro-area and the successful monetary union of the USA: the euro-area showed a much lower insurance of asymmetric …

for a broad range of fixed income instruments such as government and nongovernment instruments in the US dollar and … Japanese yen bond markets. The reference returns result from a regime-switching Nelson-Siegel yield curve model following …

for a broad range of fixed income instruments such as government and nongovernment instruments in the US dollar and … Japanese yen bond markets. The reference returns result from a regime-switching Nelson-Siegel yield curve model following …

Considers the macroeconomic effects of European monetary union and the launch of the euro, suggesting that it offers … of remaining outside the euro zone; and the likelihood that governments will push the ECB into accelerating monetary …