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Varoufakis, the former Finance Minister of Greece, shows here that the Eurozone is a house of cards destined to fall without a …, the former Finance Minister of Greece, shows here that the Eurozone is a house of cards destined to fall without a radical …
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Using novel data on individual euro area banks' balance sheets this paper shows that exposure to stressed European sovereigns manifested in a liquidity shock to their international funding through two channels: (i) a contraction in cross-border funding, and (ii) a contraction in US wholesale...
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, using bond yield spreads for the major eurozone countries. By emphasizing the use of two econometric approaches based on …
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