In the current debate on the reasons and implications of the Greek and Irish euro crisis, the intra-European current … imbalances since the euro introduction and thereby the current European debt crisis. Based on this finding we argue that an …

euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels … of euro area central banks are identified. It is found that differing fiscal policy stances which have interacted … the euro area. Since the European financial and debt crisis, public financing mechanisms and the unconventional monetary …

banking system, whereas the European Central Bank had a stronger focus on the stabilization of the debt affordability of euro …, while new imbalances emerged in the corporate sector. In the euro area, loose monetary policy had a destabilizing impact on …