-border bank lending in US dollars, and particularly in euro, is highly concentrated in a small number of countries. The UK is … central in the international network of loans denominated in euro, although there are tentative signs that this role has … optimisation strategies. The empirical analysis suggests that euro-denominated loans face the "tyranny of distance", in line with …

This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery … representation of euro area firms of small and medium size. Our findings suggest that, while firm balance sheet factors have been …

euro-area data, including bank-level data from France, we find that NIRP does not influence overall cross-border lending …

, Hungary and Poland) during the process of euro adoption. Experiences of some old members (Greece, Ireland and Portugal) and … Czech Republic was more difficult to foresee, but given almost complete interest rate convergence with the euro area only …

of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …

two non-stressed euro area economies, we show that "zombie" firms generally continued to lever up during the 2010 … tied to weak banks in euro area periphery countries increase their indebtedness even further. Sustainable economic recovery …