ECB paper models influence of financial fragmentation on eurozone crisis

Authors run three scenarios modelling some key stages of eurozone crisis

ecb-frankfurt-new
The European Central Bank

Financial fragmentation between states had a significant influence on the eurozone's financial crisis, a working paper published by the European Central Bank argues.

In Parsing financial fragmentation in the euro area: a multi-country DSGE perspective, Matthieu Darracq Pariès, Pascal Jacquinot and Niki Papadopoulou construct a dynamic stochastic general equilibrium (DSGE) model for the eurozone. Building on a 2013 paper by Corsetti et al, their model stresses the effect of credit channels on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.