vehicle for the central funding of public investment through the issuance of common Euro Treasury debt securities. … that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into …

vehicle for the central funding of public investment through the issuance of common Euro Treasury debt securities … that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in … managing the euro crisis, but that in general the bank did “too little, too late” to prevent the euro area from slipping into …

Conventional wisdom suggests that the European debt crisis, which has thus far led to severe adjustment programs … common currency - the euro - was at best minimal. This paper aims to show that, contrary to conventional wisdom, the crisis … in Europe is the result of an imbalance between core and non-core countries that is inherent in the euro economic model …

Conventional wisdom suggests that the European debt crisis, which has thus far led to severe adjustment programs … common currency - the euro - was at best minimal.This paper aims to show that, contrary to conventional wisdom, the crisis in … Europe is the result of an imbalance between core and noncore countries that is inherent in the euro economic model …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

. Instead of acting as a buffer against external shocks and internal imbalances within the Euro area, the common currency has … the rate of monetary and financial systems integration deployed within the Euro area is not sustainable in the long run … acted as a driver, firstly, of some imbalances that prompted the crises, and as a factor restricting economies' ability to …

after the introduction of the euro and shortly after steps taken by the Chinese authorities to liberalize the use of the RMB … paper shows theoretical and practical reasons explaining the current dominance of the US dollar and the euro in the … dollar and the euro are enjoying a near-duopoly as settlement and invoicing currencies in international trade. The stability …

global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that …

Financial market interdependence has been at the epicenter of the crisis in the euro area. This paper tests for the … euro area shocks from country-specific shocks. Financial contagion has been widespread during the crisis in the euro area … between the core and the periphery of the euro area. Global and euro area shocks have been important drivers of sovereign bond …

Financial market interdependence has been at the epicenter of the crisis in the euro area. This paper tests for the … the standard contagion test of Favero and Giavazzi (2002) with a narrative approach to separate out global and euro area … shocks from country-specific shocks. Financial contagion has been widespread during the crisis in the euro area. Three …