Wendorff, Karsten; Mahle, Alexander - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 95 (2015) 9, pp. 604-608
instruments. The new terms would include an automatic extension of bond maturities if European Stability Mechanism financial …The financial and sovereign debt crisis revealed major shortcomings in the regulatory framework of the European … Monetary Union (EMU), in particular with respect to securing financial stability in case of sovereign debt distress. In order …