Union to survive, rather than to disparities in the level of competitiveness among countries of the Eurozone. This crisis of … working as lender of last resort for the euro area member States; indeed, only when the ECB took this responsibility by …

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

This paper examines whether the Big Three credit rating agencies actually played as active a role in the Euro Crisis as … the Eurozone crisis in 2009, irrespective of economic and institutional fundamentals. A subsequent analysis of the markup …

depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …

maintaining financial stability in the euro area by providing vast liquidity support to commercial banks that are operating in … centrifugal forces become that ultimately might break up the single currency. Instead of a fiscal union, a euro … ; Monetary policy ; Financial crisis ; Euro area ; Financing mechanisms …