This paper develops a model to interpret the 2012 eurozone crisis and the ECB's policy response. In the model, bank …

countries' responses to the euro area monetary shock depend on their characteristics. The spillover effects are transmitted …

resilience and resolvability of the EU banking sector has enabled it to withstand the large and unexpected pandemic shock, while …

This paper revisits Keynes's writings from Indian Currency and Finance (1913) to The General Theory (1936) with a focus … Great Depression may have informed his General Theory. Exploring the connection between the experience of the Great … Depression and the theoretical framework Keynes presents in The General Theory, the assumption of a constant money stock …

The Economics of Monetary Union: the Theory of Optimum Currency Areas (OCAs) -- The Economic Rationale of Fiscal Rules … Concept of Labour Market Flexicurity in the Eurozone -- The Spanish Case: The Housing Market Bubble and External Disequilibria …A regulatory idea conducted this work: the need to connect the economic rationale of the theory of currency areas with …