We assess the time varying features of fiscal sustainability in the euro area via revisiting the empirical relationship … between the primary budget surplus and the debt-to-GDP ratio. Focusing on a sample of 11 Euro-area countries between 1999Q1 …

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the …

In a period in which the functioning of the Euro Zone has generated intense debate, this paper aims at providing a … that would promote Euro Zone fiscal discipline and would help eliminate asymmetric shocks, thus creating a more uniform …

average more concentrated than those among countries which do not share the euro. Central to this outcome is that some … economic integration agreements, such as the euro, may lead to a drop in not only trade but horizontal FDI costs as well …

find that the Euro adoption will have a noticeable impact on the Polish economic fluctuations. In particular, the … Euro adoption, we compute the welfare effect of this monetary policy change. Our findings suggest that the welfare cost is …

over the period from 1948 through 2008. We find that, with the introduction of the euro, trade imbalances among euro area … tends to be more balanced when nominal exchange rates are flexible. Intra-euro area imbalances also seem to have become more … persistent with the introduction of the euro, some of which is linked to labor market inflexibility. Reviewing the direction of …

At a time of historic challenges to the viability of the Eurozone, we assess the contribution of the EU and the Euro to … between member countries whether or not members have also adopted the Euro. The Euro adoption as well as the anticipation of … the Euro adoption has minimal effects on market integration …

The purpose of this paper is to estimate the specific impact of the introduction of the euro on Italian consumer … inflation that can be attributed solely to the rounding of prices to figures that are "attractive" in euro. The empirical … index in Italy amounted to between 0.3 and 0.9 percentage points, depending on the method of estimation used. With reference …

This policy paper aims at presenting the key facts related to the Euro sovereign debt crisis that occurred in the …