The euro area crisis is the main external factor threatening the Swiss economy. In 2010 and 2011, the Swiss franc was … rapidly appreciating against the euro, causing a drop in exports, losses for the tourism business and a rise in unemployment …. This paper gives an overview of developments in the euro area and explains the reasons for the strength of the franc, the …

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …

We estimate the effects of a negative asymmetric demand shock on the real exchange rate for the euro area vis-à-vis the …

domestic government debt in the euro area,thus strengthening or weakening the sovereign-bank nexus. To do so, we construct … theunsystematiccomponent of macroprudentialpolicy in panel vector autoregressive models for euro area “core" and “periphery"countries. Our main …

We assess the macroeconomic effects of the Eurosystem's asset purchases on the four largest euro area economies using … identification assumptions mainly on euro area aggregate financial variables and on country averages of output and price responses …

uncertainty shocks in the euro area and the US, paying particular attention to their effects on prices. While our results confirm …

the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential …

seemingly puzzling results for the euro area and provide evidence that they are due to central bank information effects. That is …

bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU … fiscal level - has been more crucial for the stabilization of euro sovereign bond markets in the crisis environment of the …