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 debt crisis in several member states of the euro area has raised doubts on the viability of European Economic and … Monetary Union (EMU) and the future of the euro. While the launch of the euro in 1999 stirred a lot of interest in regional … had the opposite effect, even raising expectations of a break-up of the euro area. Indeed, the crisis has highlighted the …

euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the …

euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the …

-ins for monetary union with respect to Germany. Using tests for cointegration and common features for monthly data during the …