While the use of public resources is critical to cushion the impact of the financial crisis on the euro-area economy …

sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by …

United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia … of interbank risk premia, albeit to a different degree during the subprime and global phases of the crisis. Decisions not …