We examine whether collective memories on the aid&reform programs chosen to handle the 2010 European debt crisis differ … the programs in different manners; indicating biases for assessments of how the crisis outcomes are perceived in borrower … and lender countries. Nation-serving biases may well explain if the European debt crisis has reduced the sense of …

European banks have been criticized for holding excessive domestic government debt during the recent Eurozone crisis … covering the entire timeline of the Eurozone crisis, I first re-confirm that the crisis led to the reallocation of sovereign …

This paper first searches for the drivers of the Greek depression in the aftermath of the 2007-8 global crisis and in … Greece had simply remained at its pre-crisis level. On the other hand, we show that, in the absence of the official fiscal …

The European Central Bank (ECB) took many measures to combat the eurozone’s rolling financial crisis. For providing … October 2009 and September 2012, the most intense phase of the eurozone crisis. Dollar liquidity clearly reduced stress in … desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we …

crisis countries (Greece, Portugal, Ireland, Cyprus, Spain) based on over 200 past macroeconomic adjustment episodes between …Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have … warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone …

benign exit from the Eurozone with stable investor expectations could substantially dampen the short-run impact …

euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels … the euro area. Since the European financial and debt crisis, public financing mechanisms and the unconventional monetary …

survey was fielded in the midst of the COVID-19 crisis, in which the prospect of a severe economic shock became realistic …