Using a representative sample of businesses in the euro area, we show that Eurosystempurchases of corporate bonds under …

This paper presents an approach to a macroprudential stress test for the euro area banking system, comprising the 91 … largest euro area credit institutions across 19 countries. The approach involves modelling banks’ reactions to changing …

The Banking Euro Area Stress Test (BEAST) is a large scale semi-structural model developed to assess the resilience of … the euro area banking system from a macroprudential perspective. The model combines the dynamics of a high number of euro … area banks with that of the euro area economies. It reflects banks' heterogeneity by replicating the structure of their …

Using a representative sample of businesses in the euro area, we show that Eurosystem purchases of corporate bonds …

The negative interest rate policy (NIRP) has been in place in the euro area since June 2014. While the NIRP can provide … assesses the effect of the NIRP on the net interest rate margins of the euro area banks using quarterly consolidated bank level … specifications, also suggest an additional negative effect on bank profitability in the period of negative euro area short …

This paper presents an approach to a macroprudential stress test for the euro area banking system, comprising the 91 … largest euro area credit institutions across 19 countries. The approach involves modelling banks'reactions to changing …

We analyze how financial crises affect international financial integration, exploiting euro area proprietary interbank …