depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …

that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in … managing the euro crisis, but that in general the bank did "too little, too late" to prevent the euro area from slipping into … excessively optimistic, and that proposals featuring the central bank as the euro’s savior through even more radical employment of …

This study attempts to identify and trace inter-linkages between sovereign and banking risk in the euro area. To this … causality between the two measures of risk in 10 euro area countries, allowing us to check for contagion in the form of a …

widespread bank failures in EU countries and near collapse of their financial systems. Today, in the context of the Eurozone … the Eurozone provide a key window into the future of both global and regional financial integration …

The euro area crisis was characterised by a negative feedback loop between banks and sovereigns. The paper aims to … far at the euro area level to reduce the feedback loop and the existing challenges in this area. The following hypothesis … has been formulated: in the post-crisis conditions the euro area remains vulnerable to the sovereign-bank nexus, which in …

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