Darracq Pariès, Matthieu; Jacquinot, Pascal; … - 2016
The euro area experience during the financial crisis highlighted the importance of financial and sovereign risk factors … with its cross-country heterogeneity within the euro area, focusing on Ger- many, France, Italy, Spain, and rest-of-euro … area. We construct three stylised macro-financial scenarios as a synopsis of the euro area financial crisis and argue that …