Volume 61
March/April 2026 · Number 2

Editorial

• What the EU Should Learn from China’s Industrial Policy

  Alicia García Herrero

Forum

• Stablecoins, the Digital Euro and the Future of Monetary Sovereignty in Europe

  • Stablecoins and the Monetary and Financial System

    Governor Signe Krogstrup

  • The Digital Euro and Monetary Credibility

    Rebecca Christie

  • Anchoring Europe’s Monetary Future: Why a Wholesale Digital Euro Is the Immediate Priority

    Patrick Vanhoudt

  • Confrontations Over Seigniorage in the Euro Area

    Christian Pfister

Articles

• Can Europe Deliver NATO’s Five Percent?

  Armin Bolouri, Tim Lohse, Salmai Qari

• Economic Welfare to Economic Warfare? The EU and the Changing Face of International Trade

  Christian Lau, Simon Schropp

• From Principles to Practice: Operationalising Europe’s Critical Raw Materials Strategy

  Vitor Correia, W. Eberhard Falck, Tamás Hamor, Marzia Cescon, Luis Rosendo

• Do Higher Wealth Levels Really Guarantee Higher Returns? A Euro Area Test

  Marc Peter Radke

• The Gender Power Gap and the Law in the European Union

  Carolina Arias Burgos

Letter from America

• America’s Self-Inflicted Brain Drain

  Britta Glennon