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

This paper presents a novel approach to investigate and model the network of euro area banks' large exposures within … risk of the euro area banking system based on bilateral linkages. We develop a Contagion Mapping model fully calibrated … tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non …

The services sector is increasingly important for the euro area economy, but productivity growth in the sector has …

In the last decade, over half of the EU countries in the euro area or with currencies pegged to the euro were hit by …. As a result, all countries with risk premium shocks saw unemployment surge, even as euro area core countries managed to … contain unemployment as firms hoarded labor during the downturn. Most striking, wage bills in euro area crisis countries and …