Editing Euro (section)

====Exchange rate risk====
One of the advantages of the adoption of a common currency is the reduction of the risk associated with changes in currency exchange rates.<ref name="Eichengreen-2019"/> It has been found that the introduction of the euro created "significant reductions in market risk exposures for nonfinancial firms both in and outside Europe".<ref>{{cite journal |title=The impact of the introduction of the Euro on foreign exchange rate risk exposures |journal=Journal of Empirical Finance |doi=10.1016/j.jempfin.2006.01.002 |volume=13 |issue=4–5 |pages=519–549|year=2006 |last1=Bartram |first1=Söhnke M. |last2=Karolyi |first2=G. Andrew }}</ref> These reductions in market risk "were concentrated in firms domiciled in the eurozone and in non-euro firms with a high fraction of foreign sales or assets in Europe".