EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root …

default. It is argued that the current crisis in Europe illustrates why the euro is not a real contender for hegemony in the …

A technical analysis shows that the doomsayers who support the euro at all costs and those who naively theorize that a … single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same … the euro; or, in the case of a euro exit, on the quality of the economic policies that are put in place once the country …

suitable to its specific economic, social, and political context. Alternatively, the euro area will have to create a fiscal …

countries, as well as evidence for persistence and network externalities. Exploiting the creation of the Euro, the paper finds a … large and significant Euro liquidity effect at the cost of the dollar, especially in the early years of the life of the new … currency. The estimates suggest that the Euro is making significant progress toward threatening the role of the dollar as the …