We analyze how public finances, through sovereign interest rates, impact corporate borrowing costs in the Euro Area. Theoretically, an increase in sovereign rates can have an impact on banks interest rates through three main channels: i) an increase in the risk free rate (price channel) ii) a...

Introduction : creditworthiness and 'responsible credit' -- Creditworthiness assessment as a macroprudential duty -- Creditworthiness for individuals : methodologies and legal issues -- Creditworthiness assessment and other contractual duties as tools of 'responsible credit' : the case of...