Battistini, Niccolò; Pagano, Marco; Simonelli, Saverio - Directorate-General Economic and Financial Affairs, … - 2013
According to conventional indicators, the euro-area financial integration has receded since 2007, mainly in the money … that the sovereign exposures of banks in most euro-area countries respond positively to increases in yields, especially in … countries they do not; (ii) in contrast, in most euro-area countries banks respond to an increase in the common risk factor by …