We study the relation between holdings of monetary assets and government securities in the Euro area. We estimate time …

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … of the matter, and they ultimately go back to competitive wage deflation on Germany's part since the late 1990s. Germany … threaten the euro's survival. The crisis in Euroland poses a global "too big to fail" threat, and presents a moral hazard of …

to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … misunderstanding has made Germany the main culprit in the euro crisis, but it has yet to face the full consequences of its actions …. Germany had sought every protection against the much-dreaded euro "transfer union", but its own conduct has made that very …

's international investment position would also loom. Appreciating Germany's own vulnerability to the euro crisis should help the … also good for the authorities in euro partner countries to recognize. Germany is bound to catch up with the reality that it …This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a …

have had even worse results for Germany. Fragility and divergence undermine the euro's longterm survival. -- German …This paper assesses the contribution of the European Central Bank (ECB) to Germany's ongoing economic crisis, a vicious …

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … of the matter, and they ultimately go back to competitive wage deflation on Germany's part since the late 1990s. Germany … the euro's survival. The crisis in Euroland poses a global “too big to fail” threat, and presents a moral hazard of …

to resolve it. While Germany generally prevailed in hammering out the design of the euro policy regime, the German … misunderstanding has made Germany the main culprit in the euro crisis, but it has yet to face the full consequences of its actions …. Germany had sought every protection against the much-dreaded euro “transfer union,” but its own conduct has made that very …

have had even worse results for Germany. Fragility and divergence undermine the euro's long-term survival …This paper assesses the contribution of the European Central Bank (ECB) to Germany's ongoing economic crisis, a vicious …

French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …

) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 …