potential threat to sovereign bond market stability in the euro area; these markets had disintegrated during the “euro crisis …“. While several reforms related to the institutional architecture of the euro area, such as major parts of the banking union …, have been implemented successfully, the eminent design feature of the euro area that nourishes fragmentation and flight to …

number of weaknesses in the approach taken in the eurozone. In Europe, there was an unresolved tension between the so …

the introduction of euro. This book contributes by applying co-integration techniques, within which correlation matrix and …

-asset price movements in a sign-restricted BVAR model to analyse the extent to which euro area and US yields, equity prices, and … the euro-US dollar exchange rate are jointly driven by monetary policy, macro and global risk factors. A novelty is that … of euro area financial variables. Euro area shocks transmit much less to US financial markets in comparison, with global …