of Euro area banks to the global financial crisis. We focus on their interest rate setting behavior in response to …

of Euro-area banks to the global financial crisis. We focus on their interest-rate setting behavior in response to … explained by a significant increase in the frictions that the banks' business is subject to. -- Euro Area ; global financial …

This paper employs a panel vector autoregressive model for the member countries of the Euro Area to explore the role of … crisis. However, concerning both, the timing and the magnitude of the shocks our results also indicate that the Euro Area was … characterized by a considerable degree of cross-country heterogeneity. -- Euro Area ; panel vector autoregressive model ; sign …

is that since T2 imbalances were caused by a sudden stop and are unlikely to grow without bounds since Euro area CA …

We provide evidence on the fit of the hybrid New Keynesian Phillips curve for selected euro zone countries, the US and …