The euro has had a difficult second decade but the project has still had some important successes. The common currency … is popular among the euro area's citizens, intra-European exchange rate instability has been removed and the ECB has … successfully achieved its primary goal of price stability. The single currency's popularity has made the euro more resilient than …

The introduction of the euro meant that countries with sovereign debt problems could not use monetisation and … devaluation as a way to prevent default. The institutional structures of the euro were also widely thought to prevent a country in … difficulties being bailed out by other euro members or having its sovereign debt purchased by the ECB. Despite these restrictions …

We use quanto credit default swaps to analyze the impact of a credit event in the Euro zone on the Euro-Dollar exchange … credit event if the payment in such an event is denominated in US-Dollar rather than in Euro, because they expect the Euro to … conditional on a credit event of a member of the Euro zone. We find that the implied effect is quite heterogeneous across the …

accused Germany of pursuing "beggar-my-neighbor" policies with its trade surpluses that threaten the Eurozone and even the … global economy. Germany protests that it did all it could to save the euro and is doing all it can to contribute to European … economic health. Indeed, by 2017, the euro had survived. But, it survived at the expense of the societies and the economies of …

links on wages between workers from Western, Central–Eastern, and Southern Europe employed in manufacturing and non … pressure on wages in Europe. This effect mainly concerns workers from Western Europe employed in manufacturing and is driven by …, but the pressure of GVC imports on wages in Western Europe is not economically negligible, in particular when inputs are …