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the crisis, but the most straightforward way to address this challenge in the euro-area context would be the establishment … of a euro-area-wide sovereign bond instrument. This Policy Contribution was prepared as a briefing paper for the European …
Persistent link: https://www.econbiz.de/10010293566
Jean Pisani-Ferry and André Sapir believe that the euro has proved attractive as a fair-weather currency for countries … succeed as a stormy-weather currency. The authors already detect, howevever, that the crisis shows the euro-area governance …
Persistent link: https://www.econbiz.de/10010273697
During the Great Recession, central banks went well beyond their normal operations and provided liquidity in unlimited amounts, in foreign currency and to foreign banks. Central bank cooperation took the form of a swap network, and amounted to an episode of global monetary policy. However,...
Persistent link: https://www.econbiz.de/10010464518
Most European Union countries have made good progress with vaccinating their populations against COVID-19 and are now seeing a rebound in economic activity. While the scarring effects of the crisis and the long-term implications of the pandemic are only partially understood, the effects of...
Persistent link: https://www.econbiz.de/10014278458
Economic analyses largely ignore Europe's fragmented public sphere, a feature that distinguishes the euro area from … identifying the key crisis-related topics in articles from four opinion-forming newspapers in the largest euro-area countries … considers where blame for the crisis has been laid with the aim of informing the current debate on euro-area governance reform …
Persistent link: https://www.econbiz.de/10012141816