the bank has put its independence at risk. The bank’s vow to do “whatever it takes” to save the euro has added a second …

The euro area crisis is the main external factor threatening the Swiss economy. In 2010 and 2011, the Swiss franc was … rapidly appreciating against the euro, causing a drop in exports, losses for the tourism business and a rise in unemployment …. This paper gives an overview of developments in the euro area and explains the reasons for the strength of the franc, the …

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries' real effective exchange rates, including those of the individual euro area economies, and compares …

This paper examines the degree of fragmentation in the Euro overnight unsecured money market during the period June … bank risk, we document several episodes of significant market fragmentation. While non-standard measures such as the … provision of long-term liquidity were successful in reducing tensions, considerable signs of market fragmentation remained at …

characteristics? Based on a common source of balance sheet data for the four largest economies of the euro area over the period 1999 … homogeneous in France, where the banking industry has a higher degree of market concentration. Second, there is some evidence that …

In the current low interest rate environment in the euro area there is potential for a sudden increase in interest … rates and heightened interest rate risk (IRR). By using a sample of 81 euro area banks during the period 2014Q4-2018Q1 and a … the European Central Bank (ECB) reveal greater IRR exposure. These findings advance the debate on the impact on euro area …