is described using a stochastic regime-switching model; second, the euro area governments’ responses to uncertain … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area … understand key drivers of the long-winded negotiations between the Syiza government and the euro area governments. …

The structure of the international banking market has evolved in important ways since the introduction of the euro in … 1999. In comparison to legacy currencies, the use of the euro in cross-border banking transactions grew on aggregate, and … the bilateral linkages within the euro area became more dispersed in the years after its introduction. However, growth in …

alleinigen Abhängigkeit der nationalen Finanzpolitik von Kreditanbietern auf dem Euro-Finanzmarkt als erwünschtes … oder Euro-Bonds. In beiden Fällen wird die währungspolitisch schwache Stellung nationaler Schuldner durch implizite … Vermögensverluste sind der Preis, den exportorientierte Länder wie die Bundesrepublik für die Bewahrung des Euro zahlen müssen …

with the COVID-19 emergency by shifting Agamben's paradigm of the 'homo sacer' to the 'sacertas' of the Euro. In this frame …, after describing the Euro as a currency (nomisma) lacking in an appropriate nomos to give member states (economic) credit …

haircut increases are simulated. Insufficient Eurosystem funding could lead Greece to abandon the euro zone …

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

Five years after the Global Financial Crisis, the economies of the United States (US) and the eurozone continue to … struggle. How will Southeast Asian economies be affected should there be a further deterioration in conditions in the eurozone … a further shock to the eurozone. We find that although the direct impacts are likely to be muted, it could trigger a …

The euro area crisis is often linked to the emergence of current account imbalances. As most of the deficit countries …

and in a formal regression analysis. -- Government bond spreads ; Eurozone ; senior tranche lending ; multiple equilibria …

graphically and in a formal regression analysis. -- government bond spreads ; Eurozone ; senior tranche lending ; multiple …