Fratzscher, Marcel; Rieth, Malte - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
The paper analyses the empirical relationship between bank risk and sovereign credit risk in the euro area. Using … focuses specifically on the impact of non-standard monetary policy measures by the European Central Bank and on the effects of … sovereigns. By contrast, monetary policy was in most, but not all cases effective in lowering credit risk among both sovereigns …