financial-market beliefs about the probability of a euro-related, institutional rare disaster spike. In response to such euro …

’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in …

Nachfrageeffekte eines Abbaus des strukturellen Primärdefizits tendenziell in solchen Ländern milde ausfielen bzw. ausblieben, die Euro … nominal growth and the low interest rate environment, rather than strict austerity. The development in other euro member … Germany. We find empirically that negative consolidation effects are rather mild in those EU-member states that were euro area …

In the wake of the Eurozone sovereign debt crisis, the European financial authorities announced last November that all … Eurozone sovereign bonds issued after mid-2013 must contain an identical collective action clause (CAC) in order, if necessary …