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How wide are European borders? : on the integration effects of monetary unions

Weber, Axel A.; Beck, Günter W. - 2003 - This version: April 2003

We use consumer price data for 81 European cities (in Germany, Austria, Finland, Italy, Spain, Portugal and Switzerland) to study the impact of the introduction of the euro on goods market integration. Employing both aggregated and disaggregated consumer price index (CPI) data we confirm...

Persistent link: https://www.econbiz.de/10009767676

Monetary Union Effects on European Stock Market Integration : An International CAPM Approach with Currency Risk

Dimitriou, Dimitrios I. - 2013

This paper explores the evolution of European stock markets integration with the US stock market, after the formation of European Monetary Union (EMU). To this end, we employ a dynamic version of international CAPM in the absence of purchasing power parity. The conditional covariance matrix of...

Persistent link: https://www.econbiz.de/10013091905

How Synchronized are Central and East European Economies with the Euro Area? Evidence from a Structural Factor Model

Eickmeier, Sandra - 2016

Persistent link: https://www.econbiz.de/10012991315

How Synchronized are New EU Member States with the Euro Area? Evidence from a Structural Factor Model

Eickmeier, Sandra; Breitung, Jörg - 2007

A high degree of cyclical synchronization between the new EU member states (NMS) from central and eastern Europe and the euro area is generally seen as a prerequisite for successful EMU enlargement. This paper investigates comovements between NMS and the euro area. We first establish stylized...

Persistent link: https://www.econbiz.de/10014064585

How is the ECB's quantitative easing transmitted to the financial markets?

Aloui, Donia; Ben Maatoug, Abderrazek - In: Studies in economics and finance 41 (2024) 2, pp. 268-285

Persistent link: https://www.econbiz.de/10015049545

Sovereign contagion in Europe : evidence from the CDS market

Manasse, Paolo; Zavalloni, Luca - 2013

This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more … remarkable: the core Eurozone members become less vulnerable to EUZ contagion, possibly due to a safe-heaven effect, while …

Persistent link: https://www.econbiz.de/10011731038

Monetary policy transmission over the leverage cycle : evidence for the euro area

Bräuer, Leonie; Rünstler, Gerhard - 2020

We study state dependence in the impact of monetary policy shocks over the leverage cycle for a panel of 10 euro area countries. We use a Bayesian Threshold Panel SVAR with regime classifications based on credit and house prices cycles. We find that monetary policy shocks trigger a smaller...

Persistent link: https://www.econbiz.de/10012241107

How does EMU affect the dollar and the yen as international reserve and investment currencies?

Frenkel, Michael; Søndergaard, Jens - 1999

Persistent link: https://www.econbiz.de/10001415579

How does EMU affect the dollar and the yen as international reserve and investment currencies?

Frenkel, Michael; Søndergaard, Jens - 1999

Since EMU represents a currency area with a GDP level and a world market share comparable to the United States, it is widely expected that the euro will become an important international currency. This paper suggests simple methods how to quantify the effects that EMU may exert on the roles of...

Persistent link: https://www.econbiz.de/10010503732

Pilgrims to the Eurozone : How Far, How Fast?

Kočenda, Evžen - 2006

) consider adopting fiscal rules. Therefore, the countries with serious fiscal problems should not rush to enter the Eurozone …

Persistent link: https://www.econbiz.de/10012734445