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The euro area crisis was characterised by a negative feedback loop between banks and sovereigns. The paper aims to … indicate the genesis of this phenomenon and to determine the scale of its operation during the crisis and post-crisis … has been formulated: in the post-crisis conditions the euro area remains vulnerable to the sovereign-bank nexus, which in …
Persistent link: https://www.econbiz.de/10012417814
The Eurozone's reaction to the economic crisis beginning in late 2008 involved both efforts to mitigate the arbitrarily … it to explain the course of the Eurozone policy over three key episodes in the course of 2010-2012. The prospect of panic …
Persistent link: https://www.econbiz.de/10013045247
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This paper deals with the origin and the evolution of the European system of fiscal rules and discusses the perspectives for future developments. The early debate about the design of establishing a monetary union in a not optimal currency area, with decentralized fiscal policies, is...
Persistent link: https://www.econbiz.de/10014132834
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Official lenders provide financial assistance to countries that face sovereign debt crisis. The availability of …
Persistent link: https://www.econbiz.de/10009748733