This paper analyses the evolution of public support for the euro from 1990 to 2011, using a popularity function … half a million observations covering the 12 original euro area member countries, we find that the ongoing crisis has only … marginally reduced citizens' support for the euro – at least so far. This result is in stark contrast to the sharp fall in public …

During the euro-area financial crisis, interactions among sovereign spreads, sovereign credit ratings, and bank credit …, we consider a panel of five euro-area stressed countries within a three-equation simultaneous system in which sovereign … estimation, which allows us to calculate persistence and multiplier effects. Second, we apply a new, system timevarying …