firms are better able to substitute domestic sales with entry into export markets than younger and smaller firms. Firms with …

account how the EU operates. The Eurozone still makes sense in order for Europe to compete in an increasingly globalised …). 2) The Eurozone's framework was known to be flawed by the politicians who created it; its inception was a political … compromise (pgs. 3 and 9). 3) The flaws of the Eurozone were compounded by trade policies of emerging market countries, reforms …

warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone’s specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …

yields of French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in … currency and also increased its volatility. Downgrading increased the yelds of French, Italian and Spanish bonds but lowered … crisis-time capital allocation in Eurozone. Their downgradings caused investors to rebalance their portfolios across member …

height of the crisis in the Eurozone, when investors were willing to pay a premium for the additional protection offered by … instruments should be more susceptible to redenomination in a scenario of a country exiting the Eurozone …

French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011 … also increased its volatility. Downgrading increased the yields of French, Italian and Spanish bonds but lowered the German …-time capital allocation in the Eurozone. Their downgradings caused investors to rebalance their portfolios across member countries …