identifying the key crisis-related topics in articles from four opinion-forming newspapers in the largest euro-area countries … considers where blame for the crisis has been laid with the aim of informing the current debate on euro-area governance reform … ahead with effective euro-area governance reform. The global financial crisis and the subsequent recession had quite …

the monetary union? Vol. II: Scenarios for the Future of the Euro. …Why is the policy of no alternatives so dangerous? -- What does "crisis policy" mean and why do its consequences have a … disintegrative effect? -- What are the costs of the low interest rate policy? -- How much was the debt relief for Greece really …

fiscal-centralist European Monetary Fund? -- Is debt relief coming? -- Are Greek "geuros" and Italian "minibots" as … reconstruction fund NextGenerationEU the blueprint for a fiscal-centralist European Monetary Fund? Is a debt relief on the way? Are … government money the solution? -- Why are national parallel currencies and a value-secured euro with purchasing power guarantee a …

This paper studies the emergence of sovereign bond yield spreads in the Eurozone prior to the financial crisis. While … reform, was the institutional change triggering the emergence of sovereign spreads in the Euro Area. Conditional eligibility … cycles deviate most from the average Eurozone cycle. In contrast, spreads did not arise in response to adverse macroeconomic …

This paper studies the effects of ECB communications about unconventional monetary policy operations on the perceived … that the ECB announcements about unconventional monetary policies substantially reduced Italian long-term government bond … Markets Programme and the Outright Monetary Transactions are found to be effective in affecting the perceived sovereign risk …