news shows of leading TV stations in 12 countries which include 37,859 news on the EU, on the Eurozone and on country …-specific economic issues. We find that an increasing share of news about the Eurozone reduces yield spreads, especially when the news …

This study documents that asset purchase programs can dampen market liquidity. It uses a unique dataset of global euro …

We study the feasibility and benefits of implementing an across-the-curve credit spread index for the Eurozone. We … propose a methodology which takes into account specific features of Euro-denominated wholesale funding markets. We discuss the …

This paper analyzes the causes of the sovereign debt crisis in the eurozone and examines the policy alternatives … confronting euro area governments. It suggests that pooling fiscal risks, creating an EU Treasury and issuing jointly-backed euro … advantages and disadvantages of euro bonds and concludes that issuing euro bonds can transform a market that is fragmented along …

could be still relevant for Europe today; (b) discuss recent proposals to establish a restructuring scheme in the euro area …