Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …

's prosperity. The paper focuses on political events in Italy over the past 35 years and asks whether the adoption of the euro in …'s financial markets throughout the 1970s, 1980s and 1990s. The introduction of the euro appears to have indeed played a major role …

This paper investigates the relationship between public and private wages in the five largest euro area countries for … policies adopted during the sovereign debt crisis are expected to be gradually lifted in several euro area countries, the …

of the monetary union, have on the rest of the world. Disentangling euro area stress shocks and global risk aversion …) model with financial variables. We find that the effects of euro area stress shocks are significant not only for the euro … area but also for the rest of the world. Notably, an increase in euro area stress entails a slowdown of economic activity …

account deficits of countries stabilizing their exchange rate against the euro (euro periphery). Meanwhile, the aggregate … current account balance of the euro area has been by and large balanced. The paper finds that changes of world current account … analysis extends from 1981-2008, the results for Germany mostly capture the situation before the euro was created …

This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive … thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …

convergence process. After solving the model, we derive the theoretical values for the euro area countries' current account …, though cannot equally well capture differences in the investment ratios. The conclusion that we draw is that consumption … smoothing, based on expectations of economic convergence, is driving the current account of the euro area countries over medium …

whether financial frictions are empirically relevant in the Euro Area (EA) and, if so, which type of financial frictions is …

spanning the investment-grade space have supported the duration and the credit channels. At the same time, the low degree of …

document a gradual shift from cash- to securities-driven transactions in euro area repo markets over the period 2010 …