a special emphasis on the first year of the euro. A contribution is made as to how to measure these roles, both for … identification of changes in the role of the euro during 1999 compared to the aggregate of euro predecessor currencies, net of intra … -euro area assets/liabilities, before stage 3 of EMU. A number of key factors determining the currency distribution of …

The inquiry into the global significance of the euro, which is the second most important currency in the international …’s strategic autonomy. The main obstacles impeding the further internationalisation of the euro include the lack of a sovereign … behind it and the heterogeneity and struc­tural problems of the euro area member states. The international status of the euro …

Since the introduction of the euro in January 1999, exchange rate stability in the periphery of the euro area is … accelerating growth. Panel estimations reveal a robust negative relationship between exchange rate volatility and growth for …

Since the introduction of the euro in January 1999, exchange rate stability in the periphery of the euro area is … relationship between exchange rate volatility and growth for countries in the economic catch-up process with open capital accounts …

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is … accelerating growth. Panel estimations reveal a robust negative relationship between exchange rate volatility and growth for …