euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the …

analytical results. We then use a rich DSGE model, calibrated to the Core and the Periphery of the euro area, to quantitatively …

In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co … conclude that the intense fiscal rules that have been introduced in the Eurozone after the emergence of the debt crisis reduced …

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 … imbalances ; inter-temporal savings ; financial crisis ; euro crisis ; European debt crisis ; theory of optimum currency areas …

We review the literature on business cycle correlation between the euro area and the Central and Eastern European … identified publications suggests some CEECs already have comparably high correlation with the euro area business cycle. We find …

shortcomings of most other reform designs, which fail to offer a solution for insolvent or non-cooperative euro countries. We …