This paper describes four key drivers behind the adjustment difficulties in the periphery of the eurozone: • The …

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

attempts at “multi-speed Europe” and discusses the implications of a solution to the European sovereign debt crisis which …

measure to examine the fragility of the European financial system during the ongoing sovereign debt crisis. Our analysis … after the beginning of the euro area sovereign debt crisis. We also find a considerable potential for cascade effects from …

After the global financial crisis, some governments in the EU experienced serious debt financing problems, while others … the EU countries before and after the outbreak of the crisis. Fiscal reaction functions of the primary balance are … estimated for different groups of EU countries using quarterly data for the pre-crisis period 2001-2008 and for the post-crisis …

traditional crisis toolkit. Central banks must intervene directly in asset markets of systemic importance for funding conditions … preserve both. The ECB illustrates this trade-off well. Early in the crisis, it outsourced financial stability to a (largely …

Most of the European countries that are members of the euro area continue to face a crisis that is seriously … undermining their economic and social development. The aim of this paper is to show that:(1) the sovereign debt crisis is … sovereign debt crisis while going on using the euro as their international means of payment;(4) Italy can protect itself against …

Since the beginning of 2010, the Euro Area faces a severe sovereign debt crisis, now generally known as the Euro Crisis …. While the Euro Crisis has its origin in Greece, problems have now spread to several other European countries as well … the Euro Crisis, or if the countries' problems are instead due to fundamental problems in the affected economies. Our …