of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable due … to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …

This paper explores the dominant role of politics in decisions made by euro area governments during the crisis … discussed. The domination of politics over economics has led to crisis mismanagement. The underlying cause of tension is … noncooperative manner. This has magnified the costs of the crisis and has resulted in an unbalanced and divisive incidence of the …

The European crisis did not originate with the Euro but with the excessive public debt of peripheral Eurozone countries …

sovereign debt crisis has fundamentally changed the rules of the game in sovereign debt markets, particularly in the euro area … bonds of safe-haven countries have come under close scrutiny or lost some of their prime ratings. Yet crisis countries have …

Motivated the European debt crisis, we construct a tractable theory of sovereign debt and structural reforms under …

The sovereign debt crisis in the euro area has raised interest in early warning indicators, aimed at signalling the …

deteriorada, marcada por la crisis de deuda externa. Durante los gobiernos militares los salarios reales cayeron …

The recent European debt crisis has sparked a heated debate on the merits of fiscal austerity. Since the main objective …