This paper investigates whether comovements between euro area equity returns at national and industry level have … changed after the introduction of the euro. By adopting a regression quantile-based methodology, we find that after 1999 the … degree of comovements among euro area national equity markets has augmented. By explicitly controlling for the impact of …

We assess whether the euro had an impact first on the degree of integration of European financial markets, and, second …, on the euro area term structure. We propose two methodologies to measure integration: one relies on time-varying GARCH … movements in both equity and bond euro area markets, suggesting that integration has progressed since the introduction of the …

themselves and with the euro zone. Within the framework of a factor model for market returns, we measure integration as the … between themselves and with the euro area. As for smaller countries, only Estonia and to a less extent Cyprus show increased … integration both with the euro zone and the block of large economies. In the bond markets, we document an increase in integration …

Using a unique dataset of the Euro area and the U.S. bank lending standards, we find that low (monetary policy) short …

unique Euro area bank lending surveys. Embedding this information within a standard VAR model, we find that: (1) the credit …) during the crisis, credit supply restrictions to firms in the Euro area and tighter standards for mortgage loans in the US …

The Euro area economic activity and banking sector have shown substantial fragility over the last years with remarkable … affected the transmission mechanism of the single Euro area monetary policy during the crisis until the end of 2011. The …

the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as …

evidence for the existence of a bank lending channel of monetary policy transmission in the euro area. In addition, and in … contrast to recent findings for the US, we find that in the euro area changes in the supply of credit, both in terms of volumes …

crisis, and of the provision of central bank liquidity during the crisis. Exploiting the euro area institutional setting for …

This study examines empirically the information content of the euro area Bank Lending Survey for aggregate credit and … leading indicator for euro area bank credit and real GDP growth. Notwithstanding the short history of the survey, the findings …