This publication collects the papers presented at the workshop entitled "The sovereign debt crisis and the euro area", held at the Bank of Italy in Rome on 15 February 2013. In recent years the Economic Research and International Relations Area of the Bank of Italy has conducted several analyses on the impact of the sovereign debt crisis on the financial system and the economy in Italy and other euro-area countries. The workshop provided a first opportunity to discuss the results of those analyses with representatives of the academic world.
The volume comprises three sections, which examine the main mechanisms whereby the tensions in the government bond markets due to the sovereign debt crisis were transmitted to the banking system and then to the real economy.
