We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends …, non-euro countries participating in the banking union will not be on equal footing with euro area members. Analysis …-capitalized backstops is established it may be optimal for a non-euro country to join the banking union upon the euro adoption. Assessing …

We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends …, non-euro countries participating in the banking union will not be on equal footing with euro area members. Analysis …-capitalized backstops is established it may be optimal for a non-euro country to join the banking union upon the euro adoption. Assessing …

threat of a disorderly default still looms over the eurozone, creating systemic financial instability at the EU and possibly …

The turmoil affecting southern euro area countries (notably Greece) has ushered in the second phase of the financial … of euro area countries in an orderly way …

The asset purchase programme of the euro area, active between 2015 and 2018, constitutes an interesting special case of … Quantitative Easing (QE) because the ECB’s Public Sector Purchase Programme (PSPP) involved the purchase of peripheral euro area … incompatible with the observation that risk spreads on peripheral bonds fell when QE in the euro area was announced. However, the …