We critically review the recent literature on currency unions and discuss the methodological
challenges posed by the empirical assessment of their costs and benefits. In the process, we …

The paper examines the extent to which current account imbalances of euro area countries
are related to intra-euro area factors and to external trade shocks. We argue that the …

Greater financial integration between core and peripheral European Monetary Union (EMU)
members not only had an effect on both sets of countries but also spilled over beyond the …

The study looks at mergers and acquisitions (M&As) in ASEAN countries and examines the
post-M&A performance using data from 2001 to 2012. The industry-adjusted operating …

Although recent research shows that the euro has spurred cross-border financial integration,
the exact mechanisms remain unknown. We investigate the underlying channels of the …

We use industry valuation differentials across European countries to study the impact of
membership in the European Union as well as the Eurozone on both economic and financial …

Because of recent economic crises, financial fragility has regained prominence in both the
theory and practice of macroeconomic policy. Consistent with macroeconomic paradigms …

While the current account of the euro area as a whole has remained almost balanced in the
past two decades, several member countries have sizeable deficits or surpluses. In this …

We measure the connectedness in EMU sovereign market volatility between April 1999 and
January 2014, monitoring stress transmission and identifing episodes of intensive spillovers …

There is no consensus in the empirical literature on the direction in which US monetary
policy affects cross-border bank lending. We find robust evidence that the impact of the US …