This paper investigates the dynamic stability of public debt and its solvency condition in the face of crisis periods (1980-2021) in a sample of 11 euro-area countries. The focus is on the feedback loop between the dynamic stability of public debt and interest rates, discounted by economic...

A structural VAR model, with stock prices, real economic activity, a short-term interest rate and inflation, was applied to four European countries to investigate whether economic fundamentals play an important role in their national stock markets. The analysis considers the pre- and post-Euro...

This paper explores the effects of currency substitution behavior in Greece, Portugal and Spain in light of their upcoming participation in the European monetary Union. The cointegration methodology adopted leads to an error-correction model for each country which allows us to separate the...