The Banking Euro Area Stress Test (BEAST) is a large scale semi-structural model developed to assess the resilience of … the euro area banking system from a macroprudential perspective. The model combines the dynamics of a high number of euro … area banks with that of the euro area economies. It reflects banks' heterogeneity by replicating the structure of their …

We present new evidence on the structure of euro area securities markets using a multilayer network approach. Layers …

Four years after the introduction of the euro, this paper provides an overview of the current structure and integration … of the euro area financial systems and related policy initiatives. We first compare the euro area financial structure … with that of the United States and Japan. Using new and comprehensive financial account data, we also describe how the euro …

stress indicator with a specific focus on the euro area. As far as we know, our indicator is the first attempt to develop an … indicator of financial stress with a specific focus on the euro area. It is also the first to exploit the information contained … in central bank communication to help measure stress in financial markets. For use in real time, the indicator is able to …

In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI … countries located outside the monetary union increase. Such flows are however not more likely be directed towards euro area …

This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …

process. We identify the impact of (i) joining the European Union and (ii) joining the Euro on cross-border M&As. We show that …'s financial system and product market regulations). -- Cross Mergers and Acquisitions ; Gravity Equation ; Euro …

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries.real effective exchange rates, including those of the individual euro area economies, and compares …