market operations, counterparty and collateral framework, participation in tender operations, recourse to standing facilities …

euro area and for supervising all euro area banks in order to ensure their safety and soundness, some directly and some …

requirements and holdings of equivalent central bank deposits - has tended to accumulate in specific euro area countries and in a …-12. Second, the location of the relevant market infrastructures (i.e. central securities depositories, securities settlement … differences across the euro area and the "home bias" in euro area government bond holdings. Overall, the net cross-border flows of …

perspective. This approach employs a large-scale semi-structural model reflecting the dynamics of 91 significant euro area banks … and 19 euro area economies and is presented through an assessment of the stance evolution for the aggregate euro area … economy and for the individual euro area countries. Our results uncover mild tightening of the macroprudential policy stance …

first is the global financial crisis in 2008-09, and the second is the euro area sovereign debt crisis in 2010-12. Both … sequence of financial reforms has improved the sector's ability to deal with major macro-financial shocks at the EU/euro area …