Olivares-Caminal, Rodrigo - In: OECD Journal: Financial Market Trends 2011 (2011) 2, pp. 167-197
This paper analyses what has been the EU institutional reaction to the Euro-area sovereign debt problems, focusing in particular on the new architecture designed to avert a financial crisis. It analyses i) the European Financial Stabilisation Mechanism (EFSM), an EU financial assistance feature...