Boone, L.; Fransolet, L.; Willemann, S. - In: Financial Stability Review (2010) 14, pp. 19-26
At the onset of the crisis, euro area – like all Organisation for Economic Co-operation and Development (OECD) countries – public finances have massively inflated, as is typical in financial crises. The major difference with the past is threefold: the synchronicity across countries of the...