Kappler, Marcus; Schleer, Frauke - In: Economics: The Open-Access, Open-Assessment E-Journal 11 (2017) 2017-6, pp. 1-37
The authors analyse 149 newly compiled monthly time series on financial market stress conditions in the euro area. With the aid of a factor model they find different sources of financial stress that are important for selecting and preparing the appropriate policy response. The existence of a...
