. The debt crisis made evident the asymmetry between core and periphery countries, which is visible in trends in saving …, consumption and investment. These divergent patterns have contributed to view the debt crisis as a problem of the PIIGS (Portugal … the Ant. We dispute this reductionism showing that the debt crisis is systemic and its solution cannot be found with more …

In this paper we take an innovative econometric look at the Euro Zone Sovereign Debt Crisis. We are particularly …

premiums stems from both domestic and international sources. We focus on contagion effects of external financial crisis on … aftermath of the global economic crisis, since such policy might actually worsen sovereign default risk. The model works well …

, spillovers originating in the Euro Area as a whole (through the debt crisis) and Greece in particular. In spite of the fiscal … reform of 2002 and the new fiscal system in force since the 1st of January 2003, Cyprus continued to be a “tax haven”. Its … high investment attractiveness spurred the “Cyp-Rus” relations, boosted an outsized banking sector (representing 800% of …

default triggers a banking crisis which leads to a corporate credit collapse and subsequently to an output decline. When …