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 …

divergence and inflationary pressures in the long-run. This research contributes to the literature on Optimum Currency Areas …

combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary …