This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021 …-driven persistent divergence in growth. Regression results provide further evidence of convergence in the euro area and the EU over the … growth, especially in euro area countries. …

and does not support strong stimulating effects, in particular for the current situation in the euro area. In addition …

the bank has put its independence at risk. The bank's vow to do 'whatever it takes' to save the euro has added a second …

Given the shortcomings of the current responses to the sovereign debt crisis in the eurozone, the author proposes …

leveraging the EFSF/ESM, introducing Eurobonds and a European Troubled Asset Relief Programme (Euro-TARP). However, it is unclear …

Applying a t-DCC-GARCH model to daily spread data, four phases of interaction in euro area sovereign bond markets are … an influence on euro area sovereign bond market behaviour. While it can act to calm markets, policy may also be unduly …

This paper analyses the adjustment mechanism in the euro area prior to the crisis. Results show that the real exchange …

The eurozone crisis has revealed certain shortcomings of the EMU, such as its vulnerability to asymmetric shocks and … increased since the introduction of the euro, dissimilarities in economic structure combined with high degrees of industrial …