euro area and for supervising all euro area banks in order to ensure their safety and soundness, some directly and some …

This paper sheds light on how recent financial tensions in the euro area were ultimately reflected in bank interest … recent financial crisis. Instead, we focus our analysis on the Great Recession period (July 2007 to October 2014) and euro …

three sections, the first of which surveys the diverse outcomes since the launch of the euro. This illustrates how the … benefits the euro can generate depend on the degree of openness, flexibility and income correlation among euro area countries …

first is the global financial crisis in 2008-09, and the second is the euro area sovereign debt crisis in 2010-12. Both … sequence of financial reforms has improved the sector's ability to deal with major macro-financial shocks at the EU/euro area …