Analyzing the topological properties of the network of shareholding relationships among the Euro Area banks we evaluate the relevance of a bank in the financial system respect to ownership and control of other banks. We find that the degree distribution of the European banking network displays...

One of the main lessons of the recent financial crisis is that the network structure of the banking system has to be taken into account to assess systemic risk. In this chapter, we analyze the topological properties of the network of the Euro Area banking sector with the primary aim of assessing...

This paper aims to apply the balance of payments constrained-growth model to explain Euro area growth performance in the last forty years and to discuss likely prospects for the future. After a formal reconsideration of the long-run and short-run arguments supporting the validity of the...