magnitude of these two effects for the Eurozone countries looking at real effective exchange rates (REER) and at different … than the second when we compare relative changes for Eurozone countries and the rest of the world in the relevant period …

magnitude of these two effects on the Euro area countries, looking at real effective exchange rates (REER) and at different … than the second when we compare relative changes on Euro area countries and the rest of the world in the relevant period …

effect (working via firm's leverage) and, secondarily, a credit supply effect (working via bank market power and bank capital …

effect (working via firm’s leverage) and, secondarily, a credit supply effect (working via bank market power and bank capital …

effect (working via firm's leverage) and, secondarily, a credit supply effect (working via bank market power and bank capital …