crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … had remained unchecked prior to the crisis. As those imbalances eventually imploded, member states were found to be …

crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … had remained unchecked prior to the crisis. As those imbalances eventually imploded, member states were found to be …

monetary sovereignty of Eurozone (EZ) Member States, in order to comply with political goals set by wealthier Member States …

, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and …

, financial, and political arenas. Apart from the eurozone crisis and global monetary policy issues, for nearly two years all else … divergence and political and social discord across member-states. Given the scale and scope of the eurozone crisis, policy and …

In the first phase of the Monetary Union the discussion focused on advantages and disadvantages related to the Eurozone …, only the inflation goal was fulfilled; but the Eurozone went even further: now the problem is deflation, that is damaging … summer of 2011, some bearish operations on government bonds have put in a corner Italy, Spain, Greece and Portugal. In the …

in Germany and Italy, which are characterized by a large number of banks; but it is very weak in Spain and more … savings banks with smaller size in Italy. Third, heterogeneity across groups of banks belonging to the same category in any …