euro currency, had on returns volatility across the different members of the currency union. We analyse the twelve … countries that adopted the euro in January 2002, over the sample period July 1990 to December 2006. Volatility is measured … introduction of the euro. The first sub-period shows evidence of asymmetric volatility in only a few countries. The relaxation of …

The volatility of exchange rates is of high importance, because it affects decisions of market participants. The choice … of the exchange rate arrangement affects the volatility of the exchange rate: higher flexibility goes ahead with … increasing volatility and vice versa. We investigate the exchange rate volatility of possible initial members prior to the launch …

patterns in economic activity and inflation following oil price shocks in the euro area. In the normal regime, oil price shocks …