of yield curves. At the height of the euro crisis, spreads between first-year yields were close to 7% for Italy and up to … -2% for Germany. The ECB's interventions designed to reduce the risk of a breakup successfully did so for Italy, but …

in Germany and Italy, which are characterized by a large number of banks; but it is very weak in Spain and more … savings banks with smaller size in Italy. Third, heterogeneity across groups of banks belonging to the same category in any …

, that Germany's industry is not more integrated in international value chains than that of France or Italy. We then look at …In zwei Kernländern der Euro-Zone gibt es eine symmetrische Debatte: in Frankreich über die restriktive Finanzpolitik … 2019 mit 1989 vergleicht, also vor der Vereinigung. Die meisten Studien zur relativen Position Deutschlands in der Euro-Zone …

whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the …

aggregate. For the case of Italy, results are less clear. From the estimated money demand functions, we derive both EMU-4 and …

Using micro price data underlying the Harmonized Index of Consumer Prices in France, Germany and Italy, we estimate … France, 1.2%-2.0% in Germany, 0.8%-1.0% in Italy, and 1.1-1.7% in the Euro Area (three country average). Differences across …

Using micro price data underlying the Harmonized Index of Consumer Prices in France, Germany and Italy, we estimate … France, 1.2%-2.0% in Germany, 0.8%-1.0% in Italy, and 1.1-1.7% in the Euro Area (three country average). Differences across …