is described using a stochastic regime-switching model; second, the euro area governments’ responses to uncertain … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area … understand key drivers of the long-winded negotiations between the Syiza government and the euro area governments. …

the issues and the implications of potential Euroexit and Euro break up: it underlines that these processes would have a … prominent political dimension, as was the case for the creation of the euro. A complex-system network approach is adopted to … examine the principal vulnerabilities of the single currency without a state. The euro is at the center of an economic and …

risk-sharing among sovereigns, to introduce synthetic euro bonds that work without debt mutualization. … risk-sharing in the European Union are underway. However, the single (capital) market will be burdened by a perennial … potential threat to sovereign bond market stability in the euro area; these markets had disintegrated during the “euro crisis …

is described using a stochastic regime-switching model; second, the euro area governments' responses to uncertain … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area … understand key drivers of the long-winded negotiations between the Syiza government and the euro area governments …

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

Twenty years of euro history confirms the euro's stability and position as the second global currency. It also enjoys … the support of majority of the euro area population and is seen as a good thing for the European Union. The European …

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

economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …

Eurozone and even speculation that the euro might break up. Against this background this paper sets out to re-examine the Hard …In 2009 the euro entered a crisis from which it has yet to emerge. It has led to increased social tensions across the … 1992 and led to the euro. Unlike previous scholarship on the Hard ECU this paper is now in a position to compare the scheme …

In this paper, we empirically investigate the impact of the credit risk of Eurozone member countries on the stability … of the Euro. In the absence of a common euro bond, euro-area credit risk is induced though the credit default swaps of … risk results in an increase of volatility of the dollar-euro exchange rate along with soaring tail risk induced through the …