In this paper, sound public finances under the euro means sustainability in the long term instead of short- and medium …-term fiscal discipline. The challenges to sustainability are identified for the four largest euro area member states, and several … resort for a euro area government under liquidity shortage to prevent it from developing into a general financial crisis …

This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …

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 …

Euro beschlossen hatten: "Wir schützen das Geld der Menschen in Deutschland." Die Datenlage zeigt allerdings nicht, dass … der Euro tatsächlich in großer Gefahr war. Die Rettungsaktion hat vor allem den Gläubiger-Banken geholfen und belastet die …

balances, the common monetary policy may not be optimal for all of them. Euro area imbalances for potential output and for …