policies. Starting from the view that the crises in the euro zone were basically triggered by financial markets and reinforced …

side or a state behind it, just as the euro, Europe's common currency that the ECB is tasked with guarding, is a … 'denationalised' currency. The euro area is a rare exception to the global 'one state, one currency' rule. But the ECB is not the only … central bank in the euro area. Rather, the ECB is designed as the headquarters (or perhaps 'cockpit') of the Eurosystem, the …

We assess the role of financial linkages for the transmission of sovereign risk in the Euro Crisis. Building on the … debt in the Euro Crisis. …

A technical analysis shows that the doomsayers who support the euro at all costs and those who naively theorize that a … single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same … the euro; or, in the case of a euro exit, on the quality of the economic policies that are put in place once the country …