Fratzscher, Marcel; Rieth, Malte - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
The paper analyses the empirical relationship between bank risk and sovereign credit risk in the euro area. Using … risk and bank risk, with the former being overall more important in explaining bank risk, than vice versa. The paper … focuses specifically on the impact of non-standard monetary policy measures by the European Central Bank and on the effects of …