On the twentieth anniversary of its inception, the euro has yet to expand its role as an international currency. We document this fact with a wide range of indicators including its role as an anchor or reference in exchange rate arrangements--which we argue is a portmanteau measure--and as a...

Intro -- Contents -- List of Illustrations -- Preface -- Introduction: The Story of the Euro -- Chapter 1 Blood and Gold -- Chapter 2 At the Epicentre -- Chapter 3 Tyranny of the Mark -- Chapter 4 The Coming Trial -- Chapter 5 Shock Waves -- Chapter 6 Europe's Destiny -- Chapter 7 Coping with...