debt crisis and has motivated an array of policy proposals. We revisit this "doom loop" focusing on governments' incentives … prominent policy prescriptions - lower exposure of banks to domestic sovereign debt or a commitment not to bailout banks - can …

the Eurozone crisis in 2009, irrespective of economic and institutional fundamentals. A subsequent analysis of the markup …This paper examines whether the Big Three credit rating agencies actually played as active a role in the Euro Crisis as …

This paper argues that the Eurozone crisis stems from a risk management failure in the Eurosystem's design, and that … monetary union and other assets. We firstly analyse a country's debt choice, assuming as a benchmark case that the no-bailout …