interest rate shock, an income shock and a house price shock. We find that, albeit euro area households are relatively …

This paper documents stress in the unsecured overnight interbank market in the euro area over the course of the … to the fragmentation of the euro area money market. A triple-difference estimate shows that the borrowing of banks in the … information problems in crisis times. We exploit euro area payments data to construct a novel dataset of interbank lending and …

This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery … representation of euro area firms of small and medium size. Our findings suggest that, while firm balance sheet factors have been …

of fire sale mechanisms. We then demonstrate the power of the methodology on the euro area banking system based on a …

This paper presents a novel approach to investigate and model the network of euro area banks' large exposures within … risk of the euro area banking system based on bilateral linkages. We then develop a Contagion Mapping (CoMap) methodology … that tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a …

-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil … debt ratios relative to Germany contributed to higher government bond yield spreads in the euro area during the analysed …

This paper is an event study focusing on the global effects of the euro debt crisis in 2010-2013. After identifying 18 … advanced and 13 emerging countries. The main effect of euro debt crisis events is a rise in global risk aversion accompanied by …

This paper studies the determinants of the euro exchange rate during the European sovereign debt crisis, allowing a … role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro exchange …

In the paper we investigate the empirical features of euro area money market turbulence during the recent financial …