Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the determinants of changes in banks …

speeches. To carry out the analysis, we construct the Euro Area Monetary Policy Event- Study Database (EA-MPD). This database …, is a contribution on its own right and we expect it to be the standard in monetary policy research for the euro area. …

markets will not be unified by the introduction of the euro. National central banks have a vested interest in preserving local … expressed in euro imperfect substitutes across borders. Prudential control will also continue to be handled differently from … country to country. In the long run these national idiosyncracies cannot survive competitive pressures in the euro area. The …