bond markets and improved economic sentiment, as reflected in higher equity prices. In contrast, passive euro liquidity …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

The conflicting standpoints on reforming the euro are creating more controversies than practical results. Mistrust …, reforming the euro successfully calls for a convincing high-level commitment to preserve the euro also in unexpected …

euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the …

In this paper, sound public finances under the euro means sustainability in the long term instead of short- and medium …-term fiscal discipline. The challenges to sustainability are identified for the four largest euro area member states, and several … resort for a euro area government under liquidity shortage to prevent it from developing into a general financial crisis …

We estimate that the euro has increased trade within the eurozone by about 26 per cent and trade between the eurozone …, indicating significant and substantial effects on the extensive margin of trade. The euro effects were concentrated to semi …

Poland is obligated to adopt the euro after the fulfilment, inter alia, of the exchange rate criterion which requires … estimate real Polish zloty/euro equilibrium rate. Although the main goal of our analysis is to compute measures of current and …

econometrically estimated in continuous time with Euro/Dollar data and examined for the possible presence of chaotic motion. Our …