institutional deficiencies share responsibility for the euro's failure, the bank has generally done "too little, too late" with … regard to managing the euro crisis, preventing protracted stagnation, and containing deflation threats. The bank remains … attached to the euro area’s official competitive wage-repression strategy, which is in conflict with the ECB's price stability …

This study documents that asset purchase programs can dampen market liquidity. It uses a unique dataset of global euro …

show that the QE policy substantially inflated government bond prices in Euro Area countries to such an extent that bond …

to non-financial firms. Using a structural vector autoregression analysis, we find both in the euro area and in Germany a …

the euro area during the first two years. The effect on real GDP appears to be stronger in the short term, while that on …

economy in which loans priced at par dominate in banks' balance sheets - as a reflection of the euro area's structure - the …

-spread” countries in the euro area. It turns out that spread shocks during the Euro crisis had a negative effect on real GDP growth in …

euro sovereigns under Basle II may have favored the stocking of peripheral sovereign bonds in core bank portfolios. The use …