We estimate a panel VAR model for the euro area to quantitatively assess how the uneven recourse of national banking … systems in the euro area to the ECB's unconventional refinancing operations that led to the accumulation of large TARGET2 … evolution of aggregate economic activity in euro area member countries in the period 2008-2014. Our results suggest that the …

The euro area crisis is often linked to the emergence of current account imbalances. As most of the deficit countries … of claims of domestic banks on debtors in other euro-area countries, and an increase is expected to lead to higher …

Central Bank’s policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks’ funding costs differs across the euro …

internationally or whether firms can engage in pricing-tomarket. Calibrated to the euro area, the welfare costs can be reduced by 86 …

I propose a new term structure model for euro area real and nominal interest rates which explicitly incorporates a time …

Commercial banks in some euro area member states hold large amounts of sovereign debt that offer a risk premium and … match the return on their euro government bond portfolio with their own funding costs. In addition, prospects for a …

Innovationsverhalten von Unternehmen wird durch Regulierungsindikatoren abgebildet, die in einer schriftlichen Erhebung bei den deutschen …