The origins of the Greek-sovereign debt crisis were the country’s large fiscal and external imbalances. The key factor … sovereign bailouts -- in the euro-area that would have reduced members’ external imbalances. This situation contrasts sharply …

in a satisfactory way. We specify a trade model which relates to the effects that the introduction of the euro had on … exports for the euro countries. Our model contains country pair fixed effects and error terms which are spatially and time … substantially affected when one accounts for statistical complications. Specifically, the intra euro effects on exports are …

network methodology in order to predict developments of the Euro exchange rate versus the U.S. Dollar and the Japanese Yen …

of the euro raises inward FDI by 14 to 16 percent within the euro area by 11 to 13 percent from non-member and weakly by … 8 percent to non-member countries. Moreover the geographical effects of the euro are explored. The results show partial … agglomeration tendencies for the euro area. There are also some indications of increased importance of vertical specialization in …

Vienna. It was co-sponsored by the Oesterreichische Nationalbank and the Bank of Greece, and jointly organized by Eduard … being made available to a broader audience in the Working Paper series of the Bank of Greece and simultaneously also in the …

The euro-area financial crisis that erupted in 2009 was marked by negative confidence effects that had both domestic … and international ramifications. Domestically, bank lending declined sharply. Internationally, the demand for the euro as … national and regional spillovers. We also assess the effects of ECB policies on euro reserve holdings. The results suggest that …

In a surprise move during a crisis, the ECB excluded Greek Government Bonds from the set of eligible collateral in …