I and Vol. II, together with the underlying working papers. For an overview, see Leandro, Á. and Zettelmeyer, J. (2019). “The Search for a Euro Area Safe Asset”, Working Paper, No 18-3, Peterson Institute for International Economics. European Central Bank Directorate General Communications Sonnemannstrasse 20, 60314 Frankfurt am Main, Germany Tel.
Nevertheless, I will try to avoid to paint too dismal and depressing a picture and instead will focus on things that we can learn from our recent experiences, to contribute towards a better future. The mood in the global economy has changed from almost over-exuberance to the depths of a recession in less than two years.