account how the EU operates. The Eurozone still makes sense in order for Europe to compete in an increasingly globalised … economy, and the paper suggests a new framework to provide longer-term stability for the Euro currency. Highlights include …). 2) The Eurozone's framework was known to be flawed by the politicians who created it; its inception was a political …

Before the beginning of the euro-area crisis, fees (premiums) for Credit Default Swaps (CDS) for the same entity … (country) but nominated in different currencies were nearly equal. This is still true for non-euro area countries during the … crisis; but these differences increased dramatically for euro-area countries since the beginning of the crisis. For some euro …

This paper analyzes by using a simple theoretical model and thereafter testing empirically the differences between Euro …- and US-Dollar nominated sovereign bonds of euro-area countries during the euro-crisis and concludes that the probability … of collapse of the Euro(-currency) has a significant impact on these differences. Moreover, the empirical analysis …

It is often disregarded that the euro is first of all a public good based on common institutions such the European …

The present paper examines the impact of the current fiscal crisis in the euro area on the Greek banking system and the … in the euro area on the Greek banking system and the measures adopted to safeguard its stability from 2008 (amidst the … fiscal crisis in the euro area). (b) The following Section 2 overviews the main elements of the current institutional …

We provide an early assessment of the Juncker Commission's contributions to the ongoing reform of the euro area. In … doing so, we present a chronological summary of the reform process up to 2014. At the time, the euro area architecture had … support for the common institution. The Juncker Commission faced a Sisyphean task. A slow bur steady euro areawide economic …

This paper studies the relative pricing of euro area sovereign CDS and the underlying government bonds. Our sample … comprises weekly CDS and bond spreads of ten euro area countries for the period from January 2006 to June 2010. We first compare …

This paper examines the underlying dynamics of selected euro-area sovereign bonds by employing a factor … that could drive spreads and credit default swaps (CDSs) of euro-area sovereign debts. The results show that liquidity …