to the rest of the world tends to fluctuate over time but remains large overall. Second, although the size of the … more persistent. Actually, the increasing economic integration at the world level is likely to have fostered second …

of the monetary union, have on the rest of the world. Disentangling euro area stress shocks and global risk aversion … area but also for the rest of the world. Notably, an increase in euro area stress entails a slowdown of economic activity … in the rest of the world, as well as a fall in imports/exports of both the euro area and the rest of the world. A …