The paper provides an account of the meaning and implications of TARGET2 in the eurozone (EZ) balance of payments …

investigates the drivers of euro area current accounts, their divergence and subsequent rebalancing, within a structural model …

relative role of price competitiveness and domestic demand as drivers of the current account imbalances in the euro area. We …

This paper explores the extent to which financial liberalization in the euro area had a differentiated impact on …

euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels … of euro area central banks are identified. It is found that differing fiscal policy stances which have interacted … the euro area. Since the European financial and debt crisis, public financing mechanisms and the unconventional monetary …

two deficits is asymmetric and the negative impact of the recent Eurozone banking and sovereign debt crisis on the current … positive impact of the budget balance on the current account balance is higher in the cases of non-Eurozone countries, high … budget deficit countries, and low exports countries, whereas it is lower in the cases of Eurozone countries, low budget …

balance, we assess the Twin Deficit Hypothesis for the Euro Area in the period 1995-2020. Furthermore, we estimate time …