The European Central Bank (ECB) took many measures to combat the eurozone's rolling financial crisis. For providing … desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we … October 2009 and September 2012, the most intense phase of the eurozone crisis. Dollar liquidity clearly reduced stress in …

model calibrated to the Euro Area (EA) and where monetary policy is conducted subject to the numerical rules of the …

the exchange rates of three Central and Eastern European (CEE) currencies against the euro. First we estimate the nominal …

We derive four sets of counterfactual national interest rate paths for the 17 Euro Area countries for the time period … economically worse than the Euro Area average perform best. -- monetary policy ; ECB ; Bundesbank ; decision rule ; counterfactual …

Soon, euro area membership could more than double, with the vast majority of accession countries being quite different … political economy perspective, including a potential conflict with the established voting rights of current euro area member …

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the …