References
- Angeloni, C., and G.B. Wolff. 2012. Are banks affected by their holdings of government debt?, Bruegel Working Paper 2012/07, March.
- Beechey, M., D. Gruen, and J. Vickery. 2000. The efficient market hypothesis: a survey, Reserve Bank of Australia Research Discussion Paper 2000–01.
- Bindseil, U., and P.J. Konig. 2011. The economics of TARGET2 balances. SFB 649 Discussion Paper 2011=035.
- Bini Smaghi, L. 2010. ECON Committee Hearing on ‘Improving the economic governance and stability framework of the Union, in particular in the euro area’, 15 September, http://www.ecb.europa.eu/press/key/date/2010/html/sp100915.en.html (accessed 26 March 2012).
- Bini Smaghi, L. 2011. European democracies and decision-making in times of crisis. Speech at the Hellenic Foundation for European and Foreign Policy, Eighth European Seminar 2001, Adjusting to the Crisis Policy Choices and Politics in Europe, Poros, 8 July, http://www.bis.org/review/r110712c.pdf (accessed 27 March 2012).
- Buiter , W. , Corsetti , G. and Roubini , N. 1993 . Excessive deficits: sense and nonsense in the Treaty of Maastricht . Economic Policy , 8 ( 16 ) : 57 – 100 .
- Capoccia, G., and D.R. Kelemen. 2007. The study of critical junctures: theory, narrative, and counterfactuals in historical institutionalism. World Politics, April: 341–69.
- Constâncio, V. 2011. Contagion and the European debt crisis. Keynote lecture at the Bocconi University/IntesaSanpaolo conference on ‘Bank competitiveness in the post-crisis world’, 10 October.
- De Grauwe , P. 2006 . What have we learnt about monetary integration since the Maastricht Treaty . Journal of Common Market Studies , 44 ( 4 ) : 711 – 730 .
- De Grauwe, P. 2011. The governance of a fragile eurozone, CEPS Working Document No. 346, May.
- Delors, J. 1989. Report on economic and monetary union in the European Community. Presented April 17, by the Committee for the Study of Economic and Monetary Union, EU Commission Working Document.
- Dyson , K. and Featherstone , K. 1999 . The road to Maastricht: negotiating economic and monetary union , Oxford : Oxford University Press .
- European Central Bank (ECB). 2006. Fiscal policies and financial markets. ECB Monthly Bulletin, February, 71–84.
- European Central Bank (ECB). 2008. Ten years of the stability and growth pact. ECB Monthly Bulletin, October, 53–65.
- European Central Bank (ECB). 2012a. Monetary and fiscal policy interactions in a monetary union. ECB Monthly Bulletin, July, 51–64.
- European Central Bank (ECB). 2012b. Compliance of outright monetary transactions with the prohibition of monetary financiering. ECB Monthly Bulletin, October, 7–10.
- Fearon , J.D. 1991 . Counterfactuals and hypothesis testing in political science . World Politics , 43 ( 2 ) : 169 – 195 .
- Gennaioli, N., A. Shleifer, and R.W. Vishney. 2010. Neglected risks, financial innovation and financial fragility. NBER Working Paper, Working Paper 16068.
- Giavazzi , F. and Pagano , M. 1988 . The advantage of tying one’s hands: EMS discipline and central bank credibility . European Economic Review , 32 ( 5 ) : 1055 – 1082 .
- Herdegen , M.J. 1998 . Price stability and budgetary restraints in the economic and monetary union: the law as guardian of economic wisdom . Common Market Law Review , 35 ( 1 ) : 9 – 32 .
- International Monetary Fund (IMF). 2010. Global financial stability report: sovereigns, funding, and systemic liquidity, World Economic and Financial Surveys, October 2010
- ING (2011), EMU Break-Up: Pay Now, Pay Later, Financial Markets Research, Global Economics, 1 December 2011.
- Kydland , F.E. and Prescott , E.C. 1977 . Rules rather than discretion: the inconsistency of optimal plans . Journal of Political Economy , 85 ( 3 ) : 473 – 492 .
- Krugman, P. 2011. Incredible Europeans. New York Times, 19 November 2011, http://krugman.blogs.nytimes.com/2011/11/19/incredible-europeans (accessed 26 March 2012).
- Mahoney , J. and Thelen , K. 2010 . Explaining institutional change, ambiguity, agency and power , Cambridge : Cambridge University Press .
- McNamara , K.R. 1998 . The currency of ideas: monetary politics in the European Union , New York : Cornell University Press .
- Merler, S., and J. Pisani-Ferry. 2012. Who’s afraid of sovereign bonds. Bruegel Policy Contribution, Issue 2012/02, February.
- Münchau, W. 2011. Eurobonds and fiscal union are the only way out. Financial Times, 18 September, http://www.ft.com/intl/cms/s/0/9e3d5db2-dfca-11e0-b1db-00144feabdc0.html#axzz1qEGqn3Kb (accessed 26 March 2012).
- North , D.C. 1990 . Institutions, institutional change, and economic performance , New York : Cambridge University Press .
- Pierson, P. 1996. The path to European integration: a historical institutionalist analysis. Comparative Political Studies 29: 123. Volume 29, No. 2, April 1996, pp. 123–163.
- Pierson , P. 2000 . Increasing returns, path dependence, and the study of politics . The American Political Science Review , 94 ( 2 ) : 251 – 267 .
- Pierson , P. 2004 . Politics in time: history, institutions, and social analysis , Princeton , NJ : Princeton University Press .
- Pisani-Ferry, J. 2012. The Euro crisis and the new impossible trinity. Bruegel Policy Contribution, Issue 2012/01, January.
- Roubini, N. 2011. The Eurozone heads for a break up. Financial Times, 13 June, http://blogs.ft.com/the-a-list/2011/06/13/the-eurozone-heads-for-break-up/#axzz1qEDfLMdl (accessed 26 March 2013).
- Salines, M., G. Glöckler, and Z. Truchlewski. 2012. Existential crisis, incremental response: the eurozone’s dual institutional evolution 2007–2011. Journal of European Public Policy: 1–17. Volume 19, No.5, June 2012, pp. 665–681.
- Schelke, W. Forthcoming. Fiscal integration by default. In Beyond the regulatory polity. The European integration of core state powers, ed. Philipp Genschel and M. Jachtenfuchs. Oxford: Oxford University Press. pp. 1–16.
- Schoenmaker, D. 2011. The financial trilemma. Economic Letters. Volume 111, Issue 1, pp. 57–59.
- Schuknecht, L. 2005. Stability and growth pact: issues and lessons from political economy. International Economics and Economic Policy 2: June 2005, Volume no.2, issue 1 65–89.
- Stark, J. 2011. http://www.reuters.com/article/2011/11/09/ecb-stark-idUSF9E7H801H20111109.
- Streeck , W. and Thelen , K. 2005 . Beyond continuity: institutional change in advanced political economies , Oxford : Oxford University Press .
- Sargent , T.J. and Wallace , N. 1981 . Some unpleasant monetarist arithmetic . Federal Reserve Bank of Minneapolis Quarterly Review , 5 ( 3 ) : 1 – 17 .
- Sinn, H.W., and T. Wollmershäuser. 2011. Target loans, current account balances and capital flows: the ECB’s rescue facility, CESifo Working Paper No. 2500, 24 June.
- Thelen, K. 1999. Historical institutionalism in comparative politics, Annual Review of Political Science 2, no: 369–404.
- Turner, A. 2011. Debt and deleveraging: Long term and short term challenges, Speech at the Centre for Financial Studies, Frankfurt, 21 November.
- UBS, (2011), Euro break-up, the consequences, UBS Investments Research, Global Economic Perspectives, 6 September 2011.
- Weidmann, J. 2011. FT interview transcript, http://www.ft.com/intl/cms/s/0/b3a2d19e-0de4-11e1-9d40-00144feabdc0.html#axzz1q3DHrMIT (accessed 26 March 2012).
- Wyplosz, C. 2011. They still don’t get it. VoxEU, 25 October 2011, http://www.voxeu.org/index.php?q=node/6845 (accessed 27 March 2012).