The current paper analyses the latest measures taken by the main European governing bodies with regard to the banking supervision across the European Monetary Union (EMU) following the ‘sovereign debt crisis’ phenomenon and its continuing effects throughout the Euro zone for the last five...

In this paper, we want to analyse how efficiency evolves in the European Union 28 over the period 2003 – 2012. This period is selected to highlight the evolution before and after the global financial crisis. We used a sample of over 1000 banks with data available for at least ten years and at...

In this paper, we want to analyse how efficiency evolves in the European Union 28 over the period 2003 – 2012. This period is selected to highlight the evolution before and after the global financial crisis. We used a sample of over 1000 banks with data available for at least ten years and at...

The aim of this paper is to assess the capacity of labour mobility in the euro area to act as an adjustment mechanism in the event of an asymmetric shock. According to the optimum currency area theory, labour mobility has been emphasized as one of the main adjustment mechanism. Given the present...

The aim of this paper is to assess the capacity of labour mobility in the euro area to act as an adjustment mechanism in the event of an asymmetric shock. According to the optimum currency area theory, labour mobility has been emphasized as one of the main adjustment mechanism. Given the present...

The global financial crisis has put considerable pressure on public finances, particularly on government debt. Public debt in many countries of the world have increased in recent years to levels that were not registered by the end of the Second World War, facing today with a high risk regarding...

This paper addresses a number of phenomena that characterize the euro area, one of them being the contagion effect. This is one of the mechanisms by which financial instability becomes so widespread that the crisis reached global dimensions. The following lines argue that contagion plays a...

This paper addresses a number of phenomena that characterize the euro area, one of them being the contagion effect. This is one of the mechanisms by which financial instability becomes so widespread that the crisis reached global dimensions. The following lines argue that contagion plays a...

The global financial crisis has put considerable pressure on public finances, particularly on government debt. Public debt in many countries of the world have increased in recent years to levels that were not registered by the end of the Second World War, facing today with a high risk regarding...

The creation of the European Monetary Union was both a political and an economic decision considered to be a success for almost a decade. Starting from 2008-2009, the EMU has been facing the most difficult moments of its existence. This paper aims at analyzing the impact of the current financial...