This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro … crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … extremely vulnerable to systemic banking problems and abruptly deteriorating public finances. Debt legacies and high …

worsen German competitiveness and the German economy would crater as a result. Additional wealth losses on Germany …'s international investment position would also loom. Appreciating Germany's own vulnerability to the euro crisis should help the … also good for the authorities in euro partner countries to recognize. Germany is bound to catch up with the reality that it …

Griechenlands aus dem Euroraum laut. Insbesondere in Deutschland wird befürchtet, dass ein Austritt einzelner Länder oder gar ein … Deutschland aufgrund seiner hohen Exportorientierung und jahrelanger Lohnzurückhaltung mehr als alle anderen EWU …-Mitgliedsländer vom Euro profitiere. Vor diesem Hintergrund untersucht der vorliegende Beitrag, welche Konsequenzen ein Austritt einzelner …

, increasing convergence with the core Euro countries. However, the debt crisis dramatically worsened citizens’ perceptions of … of governance and inequality. Results show that despite divergent economic growth in the Euro periphery countries after … the 2011-13 Euro crisis, the quality of services and level of regulation did not deteriorate or indeed improved …

of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the … impact of the reintroduction of a national currency on domestic debt, the domestic banking sector, EU membership and the …

economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies …German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper …

economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies …German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper …

This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the … end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using … literature on public support for the euro. First, we find a majority of citizens support the euro in nearly all 19 euro area …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have … warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific …