the euro area. Our results support the hypothesis of Campbell and Cocco (2003) that the decision is best described as …

follows the methodology of Malmendier and Nagel (2011) and applies it to a novel data set on household finances covering euro … area households. We show that experienced stock market returns matter in a statistically significant and economically … substantial fashion: better experiences increase the financial risk households are willing to take as well as stock market …

The paper analyzes the integration of euro area sovereign bond markets during the European sovereign debt crisis. It … identification. The paper finds that euro area government bond markets were well integrated prior to the crisis, but saw a …