nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …

The European Central Bank (ECB) took many measures to combat the eurozone's rolling financial crisis. For providing … desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we … October 2009 and September 2012, the most intense phase of the eurozone crisis. Dollar liquidity clearly reduced stress in …

news shows of leading TV stations in 12 countries which include 37,859 news on the EU, on the Eurozone and on country …-specific economic issues. We find that an increasing share of news about the Eurozone reduces yield spreads, especially when the news …

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over …, this provides further evidence for a financial accelerator in the euro area. Finally, the detrimental effect of credit …

We explore how changes in capital-based macroprudential regulation in the euro area affect the exposure of national … responses to the unsystematic component of macroprudential policy in panel vector autoregressive models for euro area "core" and …

In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that … stance, the aforementioned two indicators for the shadow banking sector. Based on vector autoregressive models for the euro … expansion of assets. Country-specific estimations confirm these findings for most of the euro area countries, but also reveal …

In this paper, we provide evidence for a risk-taking channel of monetary policy transmission in the euro area that … compression. We document these findings for the euro area as a whole and for its individual member states. In particular, banks in …

as the cost of holding reserves cannot be matched with a reduction in their cost of funding. Exploiting euro …

This paper examines the reaction of house prices in a panel of euro area countries to monetary policy surprises over …