We run simulations of current account rebalancing scenarios in the Euro Area and the European Union based on a closed … constraint. Then, a coordinated asymmetric expansion in the Euro Area could alleviate the unemployment crisis in the European … Expansion im Euro-Raum die Krise im europäischen Süden wesentlich lindern. …

After reviewing the main determinants of the current Eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments with Eurozone institutions and the IMF. We show that the introduction … of fiscal currencies would speed up the recovery, without violating the rules of Eurozone Treaties. At the same time …

The euro area crisis is often linked to the emergence of current account imbalances. As most of the deficit countries … of claims of domestic banks on debtors in other euro-area countries, and an increase is expected to lead to higher …

The euro area crisis is often linked to the emergence of current account imbalances. As most of the deficit countries …

euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels … of euro area central banks are identified. It is found that differing fiscal policy stances which have interacted … the euro area. Since the European financial and debt crisis, public financing mechanisms and the unconventional monetary …

After reviewing the main determinants of the current eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments to eurozone institutions and the International Monetary Fund. We show … that the introduction of fiscal currencies would speed up the recovery, without violating the rules of eurozone treaties …

We estimate a panel VAR model for the euro area to quantitatively asses the contribution of the TARGET2 system to the … in euro area member countries. Our results suggest that TARGET2 has significantly affected the transmission of capital ow …

recent euro periphery crisis. Trade costs can limit the pass-through of internal devaluation on export prices. Using data on … relative to domestic prices in the euro periphery. Furthermore, VAT (in theory trade neutral, but in practice much higher on … the euro periphery fiscal devaluation programs, and show that it can account for the most salient features of the data …

of the CAI in the Euro Area is a matter of fact, and the consensus narrative contains elements of truth, alternative …

The euro area crisis is often linked to the emergence of current account imbalances. As most of the deficit countries … of claims of domestic banks on debtors in other euro-area countries, and an increase is expected to lead to higher …