Brasili, Andrea; Vulpes, Giuseppe - EconWPA - 2004
We analyse co-movements in the fragility of EU banks and verify to which extent such co-movements have increased in … fragility, the Distance-to-Default, into three main components: an EU- wide, a country-specific and a bank-level idiosyncratic … supervisory co-operation at EU-wide level). We also believe that co-movements in bank conditions are important for monetary policy …