Hristov, Nikolay; Hülsewig, Oliver; Wollmershaeuser, Timo - 2021
crisis. However, concerning both, the timing and the magnitude of the shocks our results also indicate that the Euro Area was …This paper employs a panel vector autoregressive model for the member countries of the Euro Area to explore the role of … banks during the slump of the real economy that followed the financial crisis. In particular, we seek to quantify the …