euro -- Wage setting politics favoring exports : German, Dutch and Italian experiences under EMU -- Wage-drift and …

What explains Eurozone member-states' divergent exposure to Europe's sovereign debt crisis? Deviating from current … from the losers in the euro crisis. … Rigidity: Public Sector Employment Reform and Wage Suppression in Germany, the Netherlands, and Italy -- 6. Sheltered Sector …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have … 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 …

bank debts were in 'foreign' currencies. By this I mean that even though Irish bank debt was in euros, the Government of … Ireland had given up ist own currency in favor of what is essentially a foreign currency - the euro, which is issued by the … European Central Bank (ECB). Every euro issued in Ireland is ultimately convertible, one to one, to an ECB euro. There is …

We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The …

The European Central Bank (ECB) took many measures to combat the eurozone's rolling financial crisis. For providing … desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we … October 2009 and September 2012, the most intense phase of the eurozone crisis. Dollar liquidity clearly reduced stress in …