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 …

Nachfrageeffekte eines Abbaus des strukturellen Primärdefizits tendenziell in solchen Ländern milde ausfielen bzw. ausblieben, die Euro … nominal growth and the low interest rate environment, rather than strict austerity. The development in other euro member … Germany. We find empirically that negative consolidation effects are rather mild in those EU-member states that were euro area …

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 …

casts doubts about the consequences of the Euro introduction for the European Single Market. Both indicators are estimated …This paper assesses the Euro's influence upon European trade by estimating two different indicators. The first is the … a country with its trade partners. This study of the Euro's influence by means of the Border Effect is a novelty in the …

We use quanto credit default swaps to analyze the impact of a credit event in the Euro zone on the Euro-Dollar exchange … rate. In light of the European debt crisis, market participants are willing to pay more for protection against a sovereign … credit event if the payment in such an event is denominated in US-Dollar rather than in Euro, because they expect the Euro to …