tensions within the eurozone. This process evolved through three stages. Following the onset of the Subprime crisis in July …

While the use of public resources is critical to cushion the impact of the financial crisis on the euro-area economy … perspective, to what extent do movements in euro area sovereign spreads reflect country-specific solvency concerns? In line with … previous studies, the paper suggests that euro area sovereign risk premium differentials tend to comove over time and are …

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 develop a Contagion Mapping model fully calibrated … tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non …

In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial … other countries in the Eurozone, and how they may be addressed by policies at the European level …