This paper studies the emergence of sovereign bond yield spreads in the Eurozone prior to the financial crisis. While … cycles deviate most from the average Eurozone cycle. In contrast, spreads did not arise in response to adverse macroeconomic …

This study investigates the impact of central bank digital currencies (CBDCs) on monetary policy flexibility, the …

This study assesses the European Central Bank’s (ECB) crisis management performance and potential for crisis resolution … excessively optimistic, and that proposals featuring the central bank as the euro’s savior through even more radical employment of … vehicle for the central funding of public investment through the issuance of common Euro Treasury debt securities. …

Central Bank as a crisis fighting institution and the importance of central bank personalities in policy execution …

The European Central Bank (ECB) recently became engaged in macro-prudential policies and the micro … experience of central banks during the recent global financial crisis confirms that such risks are not purely hypothetical. …