Topics: - Cross border bank lending, domestic credit, and the current account - Domestic and cross-border response of bank credit and leverage to national monetary policies and global liquidity - Econometric issues in modeling the current account, in particular in currency unions. - The role of...

European institutions and European integration have recently undergone a serious test in the wake of the financial, economic and fiscal crises. While the euro has supported the integration process and has protected the members of the monetary union from internal exchange rate shocks, the crisis...