We review the debate on the monetary and fiscal policy measures that were adopted in
response to the pandemic shock in advanced economies, as well as others that could be …

In recent decades, policy-makers, policy-advisors and the media have been paying
considerable attention to the level and growth of governmental debt. Both US and EU …

Interbank markets have been at the core of the international transmission of recent financial
crises, including the euro area sovereign debt crisis. This paper studies the transmission of …

The feedback loop between sovereign and financial sector insolvency has been identified
as a key driver of the European debt crisis and has motivated an array of policy proposals …

The paper addresses two of the main issues of contention in the debate of the establishment
of a European System of Deposit Insurance, ie moral hazard and the danger of a “transfer …

This thesis analyzes the effect of unconventional monetary policy (UMP) measures on the
real economy in euro member countries, namely corporate investment. ECB's UMP and …

This paper develops a basic framework characterized by a monetary union in which a shock
to the policy interest rate, ie the determinant of a recessionary stance in the monetary policy …

The feedback loop between sovereign and financial sector solvency has been identified as
a key driver of the European debt crisis and has motivated an array of policy proposals. We …