The paper provides an account of the meaning and implications of TARGET2 in the eurozone (EZ) balance of payments …

increase to reach the European standard would be larger in euro area countries with excessive external surpluses, the …

We investigate the factors driving current account and monetary policy developments in the euro area. We estimate an … provide evidence for spillovers to the euro area from US preference shocks and US interest rate policy shocks. …

history. The eurozone experience showed the emergence of large current account imbalances. The peculiar mixture of financial …

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 …

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 …

What explains Eurozone member-states' divergent exposure to Europe's sovereign debt crisis? Deviating from current … from the losers in the euro crisis. …

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

eurozone based on a new divergence indicator. We study the dynamics between the economic divergence of member states and …