effects. The announcement of an ECB euro liquidity line decreases the premium paid by foreign agents to borrow euros in FX … equity prices increase by around 1.75% in euro area countries highly exposed via banking linkages to countries whose …

policies (UMPs) in the euro area. This paper examines the market impact and tranmission channels of this new wave of UMPs using … more important in the new phase. Spillovers to non-euro area EU countries (the Czech Republic, Denmark, Poland, and Sweden …

the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential …

, and safeguard monetary transmission. But euro area financial markets have remained fragmented, driving retail interest …

We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Programme at the security level …. Our empirical analysis shows that euro area investors (in particular investment funds and households) actively rebalanced … away from securities targeted under the Public Sector Purchase Programme and other euro-denominated debt securities …

This paper explores the determinants of profitability across large euro area banks using a novel approach based on …

Despite closing output gaps and tightening labor markets, inflation has remained low inthe euro area. Based on an … specific to the euro area (in comparison with the United States).Monetary policy needs to stay accommodative to help guide …

Do euro area inflation expectations remain well-anchored? This paper finds that the protractedperiod of low (and below …-target) inflation in the euro area since 2013 has weakened theiranchoring. Testing their sensitivity to inflation and macroeconomic news … observed before in the euro area …

Most short-term interest rates in the Euro area are below the European Central Bank deposit facility rate, the rate at …