the euro area. Equally importantly, economies with a weaker track record in terms of economic and institutional quality …

This paper provides a comprehensive analysis of the interest rate pass-through of euro area monetary policy to retail … rates outside the euro area, contributing to the literature on the consequences of unofficial financial euroisation and on … all euro retail rates in euroised countries of central, eastern and south-eastern Europe (CESEE) are linked to the euro …

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 …

Against the background of the euro area sovereign debt crisis, our paper investigates the relationship between public …, we focus on 12 euro area countries for the period 1990-2010, therefore adding to the current discussion on debt … sustainability in the euro area. Our empirical results suggest that the shortrun impact of debt on GDP growth is positive and highly …

This paper investigates the average impact of government debt on per-capita GDP growth in twelve euro area countries …

the natural real interest rate and the output gap in the euro area over the past 40 years. Our results suggest that the … natural rate of interest has declined gradually over the past 40 years. They also indicate that monetary policy in the euro …

the euro area during the first two years. The effect on real GDP appears to be stronger in the short term, while that on …

whether this friction affects banks’ reactions under NIRP compared to a standard rate cut in the euro area. We argue that … of interest rates seen in the euro area so far. This confirms studies pointing to higher risk taking by banks under NIRP …

We analyse the impact of the Liquidity Coverage Ratio (LCR) on the demand for central bank reserves in the euro area … harmonised euro area standard as a quasi-natural experiment, we find evidence that points to LCR-induced demand for reserves …

evidence for the existence of a bank lending channel of monetary policy transmission in the euro area. In addition, and in … contrast to recent findings for the US, we find that in the euro area changes in the supply of credit, both in terms of volumes …