The eurozone sovereign debt crisis, characterized by enormous debt burdens faced by its weakest economies, has also … induced a parallel credit crunch and illiquidity concerns for European banks. Bank holdings of sovereign debt issued by … peripheral eurozone countries have dropped in value and are being reclassified from their prior riskless weight assigned by Basel …

December 2011 was a critical month for the Euro currency credibility within the Euro Zone. This is because for the … nowadays fiscal policy can impact on the bank employment in European Union, not neglecting the regulatory bank environment and … of the bailed out bank to the private sector. The E.U. existing non-harmonized fiscal policy seems to leave the fiscal …

of the euro area. For this purpose, we differentiate between the departure of weak and strong countries, and examine the …

economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …

This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro … crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … unemployment continue to plague euro crisis countries. Its huge current account surplus highlights that the euro currency union …

the Euro area monetary and fiscal systems by focusing markets and public attention on the core cause of the overall Euro … crisis, the insolvency of the Euro area member-states model of debt financing of public and private expenditure and … investment. Hence, any repair of the system will require addressing the twin malaises of the Euro area model of economic …

exposure was such that it did not result in any abnormal fluctuations in bank values at the height of the crisis. When we … measure the sensitivity of bank returns to changes in the Greek CDS spread in an effort to measure banks' exposure to the … crisis, we find that changes in the Greek CDS spread provide no additional explanatory power for bank returns beyond what a U …

periphery of the euro area. This explanation is however totally inappropriate for Italy. Indeed this note shows that the bank of …Since August 2014 the Target2 liabilities of the Bank of Italy to the Eurosystem are on an upward trend. From August … liabilities of peripheral countries of the euro area would be a purely mechanical consequence of the QE, without implying any …