This paper compares financial assistance programs of four euro-area countries (Greece, Ireland, Portugal, and Cyprus …) and three non-euro-area countries (Hungary, Latvia, and Romania) of the European Union in the aftermath of the 2007 … as the size of imbalances, financing, unique cooperation of the IMF and various European facilities, and membership of a …

This paper describes the institutional flaws that led to the euro crisis, assesses the institutional reforms that were … European monetary union. In mid-2017, growth in the euro area appears to be finally picking up after 10 years of recessions and … architecture. On the contrary, these quieter times offer a good occasion to reflect on the future of euro-area institutions and to …

- particularly that of systemically important economies (such as the US, the UK and the Euro Area) - as well as its governance …) debt restructuring, and on the cross-border resolution of insolvent, internationally active financial firms for fair burden …

challenged with worse debt dynamics and more limited access to dollar liquidity. Asia, instead, seems to have developed a much …