Euro Crisis Monitor



The Euro Crisis Monitor is maintained by the Institute of Empirical Economic Research of Osnabrück University

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Recent updates

"The role of creditor seniority in Europe's sovereign debt crisis", Sven Steinkamp & Frank Westermann, Economic Policy Vol. 29 (79), 2014.

"TARGET2 and Central Bank Balance Sheets: Discussion, Frank Westermann, Economic Policy Vol. 29 (77), 2014.


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This web-page is an initiative of the Institute of Empirical Economic Research, Osnabrück University. We collect selected data on the Euro-crisis, research articles, and commentaries. We also provide a list of links to official documents and institutional arrangements in Europe. The data are updated at least monthly. More frequent updates are available upon request.

Together, these items provide a conceptual framework to think about policy questions in Europe. The web-page is intended to support researchers, journalists and practitioners in understanding the emerging balance of payments crisis in Europe.

Target2 Balances figure1

Download Data: Excel-File (last update: 01/12/2015)
Sources: Individual Euro Area NCB's, International Financial Statistics (IFS). See data appendix in Steinkamp & Westermann (2014). Also available upon request.