We study the determinants of sovereign bond spreads in the euro area since the introduction of the euro. We show that …

. The results are robust to controlling for country fixed effects and different estimation methodologies. …

In this paper we examine why monetary aggregates of euro area Member States have developed differently since the … inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution … connected with structural features of the housing market. -- Money ; housing ; national contribution ; euro area …