Join us for the launch of the eighth edition of the 'Euro Yearbook'
How would a digital Euro impact the financial system?
The current debate on currencies is driven by politics rather than economics.
Testimony before the European Parliament on the subject of euro area accession.
Not just the EU but also other countries, particularly China, need a defence against weaponisation of the dollar.
As an international currency, the euro has always been a distant second to the dollar. The idea of a greater international role for the euro has been floated, but without major institutional reform, the euro will not become a dominant currency.
Testimony before the European Parliament on the International Role of the Euro.
The euro never challenged the US dollar, and its international status declined with the euro crisis. Faced with a US administration willing to use its hegemonic currency to extend its domestic policies beyond its borders, Europe is reflecting on how to promote it currency on the global stage to ensure its autonomy. But promoting a more prominent role for the euro is difficult and involves far-reaching changes to the fabric of the monetary union.
Her success at helm of Europe’s central bank will depend on her ability to mend fences with hawkish policymakers.
Recent primary elections in Argentina saw the defeat by a wide margin of President Macri. This fueled market volatility given expectations of a reversal of reforms after national elections in October; the recent re-introduction of capital controls attests to the extent of the economic fallout. With Macri’s end in sight, this post will review the evolution of the Argentinian economy during his term.
What does the new Eurozone budget do, and what does it not do? What are its strengths and weaknesses?
How is a successful European Monetary Union still possible in today's ever-shifting political landscape? What reforms need to occur in order to guarantee success of cohesive policies?