hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the …. Using the index, consecutive empirical exercises confirm the positive relationship of safe asset shortage-credit expansion …-2013 presents new evidence that the (high) level of private credit at a time of increasing safe asset shortage is the major …

's credit rating improves and CDS spread declines after LTAP grants, suggesting that LTAPs help reduce firms' credit risk …

We examine the dynamic interconnection between sovereign credit and liquidity risks in ten euro area countries at the …-VAR connectedness approach of Antonakakis et al. (2020). Our results indicate that for most periods net connectedness is from credit … credit risk. Through an event study we find that the latter episodes can be related to several ECB unconventional monetary …

We examine the dynamic interconnection between sovereign credit and liquidity risks in ten euro area countries at the …-VAR connectedness approach of Antonakakis et al. (2020). Our results indicate that for most periods net connectedness is from credit … credit risk. Through an event study we find that the latter episodes can be related to several ECB unconventional monetary …