It is often disregarded that the euro is first of all a public good based on common institutions such the European …

The paper provides an analysis of the euro area money and bond markets and their infrastructure since the introduction … of the euro. Significant development in terms of integration took place in both markets in general to a various degree … but apply more generally to euro securities infrastructure, identifies fields where further action is required. This …

. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …

This paper studies the relative pricing of euro area sovereign CDS and the underlying government bonds. Our sample … comprises weekly CDS and bond spreads of ten euro area countries for the period from January 2006 to June 2010. We first compare …

Auch in der Eurozone haben einige Länder aufgrund einer besonders hohen Staatsverschuldung Schwierigkeiten, zu … für eine No-no-bail-out-Strategie, bei der »einmalige Hilfen mit einem Austritt des insolventen Landes aus der Eurozone …