Demertzis, Maria; Zenios, Stauros Andrea - 2018
The euro-area sovereign debt crisis is receding. Europe is on a recovery path, growth is broad-based and unemployment … banking union, and make for a more resilient euro area. The promotion of the banking union and the establishment of a European … instruments could provide market-based insurance to protect the euro area from future debt crises. Risk-sharing with the markets …