The Euro area economic activity and banking sector have shown substantial fragility over the last years with remarkable … affected the transmission mechanism of the single Euro area monetary policy during the crisis until the end of 2011. The …

In this paper we construct Financial Conditions Indices (FCIs) for the euro area, for the period 2003 to 2011, using a … creation of the monetary union. FCIs for individual euro area countries are also provided, with a view to comparing financial … financial conditions appears not to be entirely symmetric across the euro area. JEL Classification: E52, E51, E61, E63, E65 …