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91 entries found on 5 pages. starting on record 1 ending on 20

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Title: Country and sector-specific spillover effects in the euro area, the United States and Japan
Abstract
Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and intrasectoral spillover effects. We use daily data from the period between January 1986 and October 2002. We find that, during the late 1990s, the worldwide importance of European equity markets has increased considerably. More precisely, price innovations in European equities (both aggregate returns and sector returns) have doubled or tripled their impact on other stock markets. At the same time, there is evidence that sectors have become more heterogeneous in each of the three currency areas, ie the response to aggregate shocks has increasingly varied across sectors. Spillover effects of aggregate market innovations have generally outweighed intra-sectoral spillover effects. Overall, the process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. [Bernd Kaltenhaeuser]
Author: Kaltenhaeuser, Bernd
Series Title: Working paper series / European Central Bank ; 286
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Stock MarketEU countriesEuroFinancial marketJapanMarket integrationSpillover effectUnited States
Subject: Currency. Monetary policyInternational investments. Capital movements
Countries Scheme: USAJapan
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Title: Monetary policy transmission in the euro area
Title (other): any changes after EMU?
Abstract
We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind: has it changed after - and because of - EMU and, if so, is it becoming homogeneous across countries. Given the data limitations, we concentrate on three blocks of transmission: the banking, interest-rate and asset-market channels. We find evidence that the transmission through banks has become more potent and homogeneous across countries because of EMU. On the financial-market channels, our evidence is somewhat weaker but suggestive. The interest-rate channel appears to have changed even before EMU, and to now affect national economies in a broadly similar way. The asset-market channel (proxied by the stock-market effects of monetary policy) also seems to work rather homogeneously across national markets (no comparison with pre-EMU is available here). A positive answer to both questions raised above represents, in our view, the best working hypothesis under current knowledge. [Ignazio Angeloni and Michael Ehrmann]
Author: Angeloni, Ignazio | Ehrmann, Michael
Series Title: Working paper series / European Central Bank ; 240
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: EU countriesEuroEuropean Economic and Monetary UnionMonetary PolicyMonetary transmission
Subject: Currency. Monetary policy
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: The euro area financial system
Title (other): structure, integration and policy initiatives
Abstract
Four years after the introduction of the euro, this paper provides an overview of the current structure and integration of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure with that of the United States and Japan. Using new and comprehensive financial account data, we also describe how the euro area financial structure evolved since 1995. We document the progress towards integration of the major euro area financial segments, namely money markets, bond markets, equity markets and banking. Finally, we discuss recent policy initiatives aimed at further improving European financial integration. [Philipp Hartmann, Angela Maddaloni and Simone Manganelli]
Author: Hartmann, Philipp | Maddaloni, Angela | Manganelli, Simone
Series Title: Working paper series / European Central Bank ; 230
Publisher: European Central Bank
Year: 2003
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Stock MarketBankEU countriesEuroFinancial sectorMoney Market
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Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Exchange rate risks and asset prices in a small open economy
Abstract
The paper proposes a multi-factor international asset pricing model in which the exchange rate is allowed to be co-determined by a risk factor imperfectly correlated to other priced risks in the economy. The significance of this factor can be established as long as one is able to observe a proxy for the foreign cash order flow. Then, the asset pricing model is decomposed into the standard ICCAPM no-arbitrage setup characterized by a pricing kernel, in which, however, the 'autarky' exchange rate is unobserved, and an additional equation that links this autarchic currency price with the FX order flow. The model is put in the state space form. The unobserved variables span the macroeconomic risk factors with an impact on the asset markets and determine the dynamics of the pricing kernel, the autarchic exchange rate and the FX order flow. A comparison of models allowing for an independent OF risk factor with a restricted one, where the forex order flow plays no role, should disclose the existence of a 'nonfundamental' source of a systematic divergence of the observed and the autarchic (i.e. fundamental) FX returns. The model is calibrated and tested on the Czech koruna/euro exchange rate in a setting with seven Czech and euro area asset returns. [Alexis Derviz]
Author: Derviz, Alexis
Series Title: Working paper series / European Central Bank ; 314
Publisher: European Central Bank
Year: 2004
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: Capital asset pricing modelEU countriesEuroTheoryCzech RepublicExchange rate
Subject: Currency. Monetary policy
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Zentralbank (http://www.ecb.int)
Title: Fit für den Euro: ein Leitfaden für kleine und mittlere Unternehmen
Title (other): Fit for the euro: a guide for small and medium-sized enterprises
Author (Corp. Body): Europäische Kommission / Generaldirektion Unternehmen und Industrie
Publisher: Amt für Amtliche Veröffentlichungen
Year: 2005
ISBN / ISSN / Kat.Nr: 92-894-8656-2 | NB-64-04-167-DE-C | 92-894-8657-0 | NB-64-04-167-EN-C
Language: en | de
Ressource: Sonstige Volltexte und Quellen
Keyword: EuroSmall and medium-sized enterprises
Subject: Medium and small industriesCurrency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://europa.eu.int/)
Title: Is the growth of euro area small and medium-sized enterprises constrained by financing barriers?
Author: Ferrando, Annalisa | Köhler-Ulbrich, Petra | Pál, Rozália
Series Title:European Commission - DG Enterprise and Industry - Industrial policy and economic reform papers ; 6
Publisher: Amt für Amtliche Veröffentlichungen
Year: 2007
ISBN / ISSN / Kat.Nr: 978-92-79-08733-2 | 10.2769/44893
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EuroEuropean Monetary SystemSmall and medium-sized enterprises
Subject: Medium and small industriesCommercial credit. Commercial areasCurrency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission (http://europa.eu/)
Title: Benefits of the euro for Cyprus
Abstract
The euro will strengthen macroeconomic stability in Cyprus, ensuring low inflation and low interest rates that are a pre-condition for long-term economic prosperity. The single currency brings stable prices for citizens and more opportunities for businesses. Moreover, being part of the single currency and the euro area also engenders further trade opportunities in the global economy and attracts foreign investment. [Author vide Copyright]
Series Title:Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Euro Papers ; 2007
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2007
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EuroCyprus
Subject: Currency. Monetary policy
Countries Scheme: Cyprus
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Factsheets on the preparation of national public administrations for the euro (status: september 2001)
Abstract
The factsheets provide an overview of the state of preparations for the changeover of public administrations to the euro as at September 2001. They update the previous factsheets dating from 1998 and outline the progress made since. [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Euro Papers ; 2001,43
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2001
ISBN / ISSN / Kat.Nr: ECFIN/693/01-EN
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuroadministrative apparatus
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: EMU: the first two years
Abstract
The Commission has published a report on the experience of EMU so far. The report provides a factual overview of events in four important areas. The first part presents an assessment of the macro-economic performance of the euro-area economy during the past two years. It also discusses achievements in the area of monetary and fiscal policy and issues related to economic policy co-ordination. The second part describes the external development of the euro, including its role as an international currency. The study then goes on to highlight the important changes which have taken place in euro-area financial markets. Indeed, financial integration will be the single most important factor fostering economic growth in the euro area. Finally, the note takes stock of the preparations for completing the changeover to the euro. It describes the procedures for the introduction of the notes and coins and sets out the remaining challenges. [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Euro Papers ; 2001,42
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2001
ISBN / ISSN / Kat.Nr: ECFIN/200/01-EN
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuro
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Conference “Enterprises 2002” – 6 June 2000 : a round table on the practical impact on enterprises at the end of the
“transition period”
Abstract
On 6 June an audience of 450 drawn from small firms organisations, banks, trade associations and other communication multipliers attended “Enterprises 2002” to reflect on the practical impact for enterprises of the end of the transition period on 31 December 2001. This conference had been announced as far back as February in the Communication strategy in the last phases of the completion of EMU (see also Euro Paper 38) as one of its activities targeted at enterprises “to draw practical conclusions on the first year of the single currency and to help raise awareness levels of business”. [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Euro Papers ; 2000,40
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2000
ISBN / ISSN / Kat.Nr: ECFIN/505/00-EN
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuroEnterprise
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title (Series): Quarterly review of the use of the Euro
Abstract
This note is a synthesis of the various studies existing on the development of the use of the euro by the customers, the businesses and the public administrations in the Member States participating to the EMU. It also presents the results of a regular survey of the Commission among European banks on the share of the euro in the payments and bank accounts. [Author vide Copyright]
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 1999 (start year of the series)
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: EU countriesEuroCurrency
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Quarterly note on the development of the use of the euro : no 1
Abstract
This review brings together the results of the various studies on the use of the euro in the Member States participating in economic and monetary union and sets out the results of a Commission banking survey into the extent to which the euro is used in preparingaccounts and for payments by bank customers.The following conclusions can be drawn:- use of the euro in public administrations is still underdeveloped although it is growingsteadily in most Member States. Tax payments in euros are increasing as firms switchover to using the euro: for example, the share of customs export declarations made out in euros has doubled in Belgium since the beginning of the year. A number of administrations are planning pro-active measures to give further impetus to this trend.France, for instance, intends to ask all firms tendering for public contracts to submit their bids in euros;- the European currency is little used in national payments effected by firms (1.9% in value terms) but it already looms large in international payments. Not many firms have switched over to euro accounting: the figure ranges from 0.3% in the Netherlands to 7% in Luxembourg. By contrast, use of the euro as an invoicing currency is growing rapidly: more than 25% of firms have already sent out invoices in euros and, in some Member States, the figure exceeds 50%. Dual pricing is becoming more widespread, being used, for example, for over 80% of prices in the large-scale distribution sector (supermarkets and the like) in France;- very few individuals use the euro (0.8% of payments in value terms). Although fashionable at the beginning of the year, the euro is now being used less in several Member States. [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Quarterly review of the use of the Euro ; 1999,01
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 1999
ISBN / ISSN / Kat.Nr: ECFIN/719/99-EN
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuroadministrative apparatus
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Quarterly note on the development of the use of the euro : N. 2
Abstract
This review brings together the results of the various studies on the use of the euro in the Member States participating in economic and monetary union and sets out the results of a quarterly Commission banking survey into the extent to which the euro is used in the accounts and payments of bank customers. The following conclusions can be drawn:- use of the euro in public administrations is continuing to expand slowly in most Member States. As an example, more than 8% of customs export declarations are now made out in euros in Belgium and Luxembourg, and more than 12% in the Netherlands;- with large firms switching over to the euro and following a wave of mergers and acquisitions, use of the euro (in value terms) for payments effected by firms has risen spectacularly and now stands at a little over 25%, compared with less than 2% in the last quarter of 1999. In Belgium and Spain the bulk of payments (in value terms) are effected in euros. While few firms currently have euro accounts, this situation is improving: almost one newly opened account in ten is now in euros. The percentage of firms who have switched over to euro accounting ranges from less than 0.3% in Italy to 8.6% in Luxembourg. Dual pricing is widespread in all the participating Member States and euro invoicing is becoming more common;- payments in euros by individuals, which were few and far between in 1999, now stand at almost 10% of all payments in value terms, even though 55% of electronic payment terminals do not yet carry out payments in euros. Finally, there appears to be a close link between the euro and the Internet: 67% of payments in euros (in volume terms) by Visa card (excluding French motorway tolls) are a result of e-commerce. [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Quarterly review of the use of the Euro ; 2000,02
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2000
ISBN / ISSN / Kat.Nr: ECFIN/290/00-FR
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuro
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Quarterly note on the development of the use of the euro : second quarter 2000, no 3
Abstract
This review brings together the results of the various studies on the use of the euro in the Member States participating in economic and monetary union and sets out the results of a quarterly Commission banking survey into the extent to which the euro is used in the accounts and payments of bank customers. The following conclusions can be drawn:- the use of the euro in relations with administrations is continuing to grow in most of the participating countries. For example, more than 9% of VAT returns and corporation tax payments (in value) in France and nearly 11% of customs export declarations in Belgium are now made in euros;- national payments made by firms in euros continue to be very high (nearly 25%) in value terms and have risen to 3.2% in volume. Nearly 23% of international payments are in euros (42% in value). Apart from in Luxembourg, few firms have switched to euro accounting (less than 1% in most Member States), the proportion of euro accounts is not changing and the pace at which new euro accounts are being opened is slackening. Nearly one firm in two claims to have started setting prices in euros and over one in ten to invoice systematically in euros;- payments in euros by individuals dropped in the second quarter from 2.4% to 1.8% in volume and from 8.9% to 6.4% in value. The percentage of euro accounts is still only around 1% and is changing very slowly (only one of every forty new accounts is in euros). [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Quarterly review of the use of the Euro ; 2000,03
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2000
ISBN / ISSN / Kat.Nr: ECFIN C4/498/00-EN
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuro
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Quarterly note on the development of the use of the euro : third quarter 2000, No 4
Abstract
This review presents the results of the Commission's quarterly survey of banks to determine the extent to which bank customers use the euro in their accounts and payments. It also sets out the data sent by national administrations and summarises various studies. The following conclusions can be drawn:- progress in the use of the euro in relations with administrations is patchy. On average, its use is slightly up in terms of value for VAT returns (from 5.7% to 6,1%) but down for customs declarations (from 7.7% to 7%);- national payments made by firms in euros are static at a high level in value terms (nearly 25%) and are very slightly down in volume terms (from 3.2% to 3%). Nearly 24% of international payments are in euros (36% in value). Apart from firms in Portugal, Luxembourg and Belgium, few companies have switched to euro accounting (less than 1% in most of the participating States). The proportion of euro accounts is slightly down (from 3.4% to 3.2%), but the pace at which new euro accounts are being opened, which had fallen in the second quarter, is picking up again (one in every fourteen accounts compared with the previous figure of one in every twenty). 45% of firms (compared with 50% in the last review) state that they have started setting prices in euros and 10% systematically invoice in euros;- the volume of euro payments by individuals continues to fall in the third quarter, from 1.8% to 1.1%. In terms of value, euro payments have risen from 6.4% to 7.1%, but are still not back to their level at the beginning of the year (8.9%). The percentage of private individuals' euro accounts is still only around 1% and is growing very slowly (only one in every thirty-three accounts is in euros). [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Quarterly review of the use of the Euro ; 2000,04
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2000
ISBN / ISSN / Kat.Nr: ECFIN/694/00-EN
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuro
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Quarterly note on the development of the use of the euro : fourth quarter 2000, No 5
Abstract
This review presents the results of the Commission's quarterly survey of banks to determine the extent to which bank customers use the euro in their accounts and payments. It also sets out the data sent by national administrations and summarises various studies. The following conclusions can be drawn:- the use of the euro in relations with administrations is a little lower. On average, its use is down slightly in terms of value for VAT returns (from 6.1% to 5.7%) but static for customs declarations at around 7%;- national payments made by firms in euros are up by nearly six points in value terms (from 24% to 30%) and three points in terms of volume (from 3% to 5.8%). More than 32% of international payments are in euros (39,7% in value). Apart from firms in Portugal, Luxembourg and Belgium, few companies have switched to euro accounting (less than 1% in most of the participating countries). The proportion of euro accounts is slightly up (3.9)%. The pace at which new euro accounts are being opened is picking up and is now more one in every ten accounts. 52% of firms (compared with 45% in the last review) state that they have started setting prices in euros and 12% systematically invoice in euros;- payments in euros by individuals have risen very slightly, from 1.1 % to 1.38%, but have fallen from 7.1% to 6.1% in value. The proportion of private individuals' euro accounts is growing slowly and stands at 1.64% (more than one in every thirty-three new accounts opened is in euros). [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Quarterly review of the use of the Euro ; 2000,05
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2001
ISBN / ISSN / Kat.Nr: ECFIN C4/102
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuro
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Quarterly note on the development of the use of the euro : first quarter 2001, No 6
Abstract
This review presents the results of the Commission's quarterly survey of banks to determine the extent to which bank customers use the euro in their accounts and payments. It also sets out the data sent by national administrations and summarises various studies. The following conclusions can be drawn:- the new data available in some Member States show that use of the euro in relations with public administrations is increasing substantially in the case of both VAT returns and customs declarations;- national payments made by firms in euros are up by close on four points in volume terms (from 5.8% to 9.6%). More than 34% of international payments are in euros (43% in value). Apart from firms in Luxembourg and Belgium, few companies have switched to euro accounting (less than 1% in most of the participating countries). The proportion of accounts in euros has risen slightly to 4.8%, and the pace at which new euro accounts are being opened is picking up and is now more than one in every six accounts. 61% of small businesses (compared with 52% in the last review) state that they have started setting prices in euros and 16% systematically invoice in euros;- payments in euros by individuals have risen very slightly from 1.38 % to 1.43% in volume and from 6.1% to 6.2% in value. The proportion of private individuals' euro accounts is also growing and stands at 2.1% (almost one in every fifteen new accounts opened is in euros). [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Quarterly review of the use of the Euro ; 2001,06
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2001
ISBN / ISSN / Kat.Nr: ECFIN/335/01-EN
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuro
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Quarterly note on the development of the use of the euro : second quarter 2001, No 7
Abstract
This review presents the results of the Commission's quarterly survey of banks to determine the extent to which bank customers use the euro in their accounts and payments. It also sets out the data sent by national administrations and summarises various studies. Even though the use of the euro remains limited, it is worth highlighting that:- the new data available in some Member States show that use of the euro in relations with public administrations is growing sharply in the case of both VAT returns and customs declarations. The most striking example is that of the French duty on petroleum products, most of which is now paid in euros;- national payments made by firms in euros are very slightly up (from 7.3% to 7.8%). Almost 33% of international payments are in euros (43% in value). Luxembourg and Belgium are still the only countries where a large number of companies have switched to euro accounting: everywhere else the figures are less than 5%. The proportion of euro accounts is rising significantly, from 4.8% to almost 8%, with the situation from one country to another remaining very variable (the proportion ranges from 0.6% in Ireland to 27.4% in France. The pace at which new euro accounts are being opened is picking up and for the whole area is now more than one in every five accounts;- payments in euros by individuals have risen slightly from 1.4 % to 1.9% in volume and from 6.2% to 8.8% in value. The proportion of private individuals' euro accounts is also growing and now stands at 3.2%, the maximum being 41.4% in Luxembourg, where the early switching of accounts has begun. An average of slightly over 70% of electronic payment terminals are technically able to accept euro operations (the proportion ranges from 0% in the Netherlands, Ireland and Austria to 100% in Belgium). [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Quarterly review of the use of the Euro ; 2001,07
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2001
ISBN / ISSN / Kat.Nr: ECFIN 471-01-FR
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuro
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title: Quarterly note on the development of the use of the euro : third quarter 2001, No 8
Abstract
This review presents the results of the Commission's quarterly survey of banks to determine the extent to which bank customers use the euro in their accounts and payments. It also sets out the data sent by national administrations and summarises various studies. With the launch of the programmes for switching over accounts and invoices ahead of time, the use of the euro is increasing sharply in most participating countries:- the new data available in some Member States show that use of the euro in relations with public administrations is increasing substantially in the case of both VAT returns and customs declarations. For example, in five participating countries more than 25% of customs declarations are now in euros;- national payments made by firms in euros have doubled in volume terms (from 7.8% to 15.1%). Nearly 40% of international payments are in euros (48% in value terms). In most participating countries, the number of firms keeping their records in euros is edging up. The proportion of euro accounts is rising significantly (from 8% to 20.3%), with the situation varying a great deal from one country to another (ranging from 0.6% in Ireland to 63% in France).- payments in euros by individuals have risen fivefold from 1.9% to 10.1% in volume terms (from 8.8% to 15.1% in value terms). The proportion of private individuals' euro accounts is also growing in spectacular fashion (from 3.2% to 26%), the highest figure of 69.9% being reported in France, where the early switching of accounts is well under way. An average of slightly more than 84% of electronic payment terminals managed by banks are now technically able to accept euro operations (the proportion ranges from 0% in the Netherlands, Ireland and Austria to 100% in Belgium). [Author vide Copyright]
Series Title: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen - Quarterly review of the use of the Euro ; 2001,08
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 2001
Language: en
Ressource: Einzelne Berichte, Studien
Keyword: EU countriesEuro
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission, Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
Title (Series): Bond market notes
Abstract
Produced by the Directorate-General for Economic and Financial Affairs (DG ECFIN), these monthly notes look at the volumes of debt issued, the maturity structures and the conditions in the market.Quarterly notes look in greater detail at the market and at the factors behind the more substantial changes. They also discuss a specific bond market topic. [Author vide Copyright]
Author (Corp. Body): Europäische Kommission / Generaldirektion Wirtschaft und Finanzen
Year: 1999 (start year of the series)
Language: en
Ressource: Einzelne Arbeitspapiere, Preprints
Keyword: EU countriesEuroCurrency
Subject: Currency. Monetary policy
Countries Scheme: Europe. General Resources
Online Ressource: vorübergehend nicht erreichbar!
Bitte beachten Sie die urheberrechtlichen Bedingungen der Dokumentenbenutzung / Please observe the copyright when accessing the document | Quelle / Source: Europäische Kommission / Generaldirektion Wirtschaft und Finanzen (http://ec.europa.eu/economy_finance/)
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