Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the determinants of changes in banks …

This paper distils three lessons for bank regulation from the experience of the 2009-12 euro-area financial crisis … fiscal distress, and inquires how the regulation of banks' sovereign exposures in the euro area should be changed to mitigate … new regulatory framework of the euro-area "banking union" can be expected to mitigate excessive forbearance and facilitate …

importance, and therefore on policy recommendations. Research on the euro debt crisis has so far been much more limited: even …