and empirical perspectives on the euro crisis from a macroeconomic viewpoint. The contributions have been selected after … the Macroeconomics Workshop: “The euro crisis: Where do we stand?” organized by the University of Strasbourg, the Bureau …

of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the … impact of the reintroduction of a national currency on domestic debt, the domestic banking sector, EU membership and the …

In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows … stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR …. Hence, FMOLS, CCR and DOLS are useful in estimating standard money demand as well, although they have only been rarely …

This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …

Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher … borrowing rates than their peers of the core (e.g. Germany, France) and this divergence is widening. It is argued that severe … market failures prevent SMEs in southern euro area countries from access to key inputs, in particular access to finance. This …

signifikant höhere Sollzinsen als ihre Wettbewerber im Kern der Eurozone (z.B. Deutschland, Frankreich). Und diese Divergenz wird …Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher … borrowing rates than their peers of the core (e.g. Germany, France) and this divergence is widening. It is argued that severe …

This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …