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 …

We analyze how financial crises affect international financial integration, exploiting euro area proprietary interbank …

international reserves. Using a dataset of 36 countries (and the euro area) for the years from 1996 to 2016, we identify currency … motives for the composition of currency reserves. The euro crisis appears to have been a setback for the euro, which …

The euro is widely believed to be a currency without a sovereign state. To make the euro a stable currency, many … this paper that the EU and the euro area member states are the joint sovereign behind the euro. The EU is not a state, but …, the euro should be regarded as a currency beyond the state. For the euro to have a stable sovereign, however, further …

The Euro zone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators …, policy makers and the sovereigns. Though, the crisis is epicentered in the Eurozone, the knock-on effects of the crisis are …

for the eurozone. The triple euro area crisis showed the costly consequences of ignoring the "safety trilemma". Keeping a … capital mobility and maintaining economic and financial stability in a monetary union. The euro area needs a single safe … countries must therefore act as the joint sovereign behind the euro and choose from two options. First, they could establish a …

Commission, the European Parliament, the European Central Bank and national governments. The empirical section takes advantage of …