Tavlas, G. S.; Gibson, Heather D.; Hall, Stephen G.; … - 2022
national and regional spillovers. We also assess the effects of ECB policies on euro reserve holdings. The results suggest that …The euro-area financial crisis that erupted in 2009 was marked by negative confidence effects that had both domestic … and international ramifications. Domestically, bank lending declined sharply. Internationally, the demand for the euro as …