the term "financial stability", along with the major concerns about the process of introducing the euro at the time of its … during the time of the Euro's functioning. …

of largely only recently developed methods we provide an assessment of indicators of financial stability within the Euro … institutional roof - banks or non-bank (shadow) banks - under which they are conducted. Our results reveal a declining role of banks … (and a commensurate increase in non-bank banking). These structural shifts (between institutions) are coincident with …