This paper sheds light on how recent financial tensions in the euro area were ultimately reflected in bank interest … recent financial crisis. Instead, we focus our analysis on the Great Recession period (July 2007 to October 2014) and euro …

This paper studies the determinants of the euro exchange rate during the European sovereign debt crisis, allowing a … role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro exchange …

This paper is an event study focusing on the global effects of the euro debt crisis in 2010-2013. After identifying 18 … advanced and 13 emerging countries. The main effect of euro debt crisis events is a rise in global risk aversion accompanied by …

This paper documents stress in the unsecured overnight interbank market in the euro area over the course of the … to the fragmentation of the euro area money market. A triple-difference estimate shows that the borrowing of banks in the … information problems in crisis times. We exploit euro area payments data to construct a novel dataset of interbank lending and …

Since the intensification of the crisis in September 2008, all euro area long-term government bond yields relative to … euro area spreads, including those for Austria, Finland and the Netherlands. Country-specific credit ratings have played a …

dispersion in the cost of bank finance for euro area firms. Using micro-level bank data across a number of euro area countries …

During the sovereign debt crisis investors rebalanced out of stressed and into non-stressed euro area countries …, thereby contributing to the tensions in euro area financial markets. This paper examines the geographical pattern of this … great rebalancing. Specifically, we test whether euro area and non-euro area investors adjusted their holdings of debt …

euro area. It consists of two major parts – a historical assessment and an assessment based on an extended scenario until … 2030 – and it builds on the ECB-BASE –a semistructural model for the euro area. The historical analysis (until end-2019 … economic times and it would have been able to eliminate a large portion of the second downturn in the euro area. In turn, the …

The sovereign debt crisis in the euro area has increased the interest in early warning indicators, with the aim to …, especially for the euro area. We show that a country specific approach could strongly increase the signalling power of early …

's prosperity. The paper focuses on political events in Italy over the past 35 years and asks whether the adoption of the euro in …'s financial markets throughout the 1970s, 1980s and 1990s. The introduction of the euro appears to have indeed played a major role …