The impact of the introduction of the Euro on foreign exchange rate risk exposures

158 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

The dynamics of exchange rate volatility: A panel VAR approach (2014, background): “One of the advantages of a monetary union, for example, is the mitigation or elimination of such exchange rate risk (Fratzscher, 2002; Bartram and Karolyi, 2006), and countries are more likely to join a common currency area the more stable their currency becomes (Giannellis and Papadopoulos, 2011).”
Crossing the Lines: The Conditional Relation between Exchange Rate Exposure and Stock Returns in Emerging and Developed Markets (2012, unknown): “Bartram and Karolyi (2006) find that the introduction of the euro was accompanied by significant reductions in market risk exposures for nonfinancial firms in and outside of Europe.”