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 …

the Euro area monetary and fiscal systems by focusing markets and public attention on the core cause of the overall Euro … crisis, the insolvency of the Euro area member-states model of debt financing of public and private expenditure and … investment. Hence, any repair of the system will require addressing the twin malaises of the Euro area model of economic …

economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …

’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in …