This report presents the findings of the tenth post-programme surveillance (PPS) mission of Commission staff, in liaison with ECB staff, which took place in Lisbon during 14-19 June 2019. Since the conclusion of the ninth post-programme surveillance mission in November 2018, Portugal’s economic ...
Euro area governments have committed to break the doom loop between banks and sovereigns. But policymakers disagree on how to treat sovereign exposures in bank regulation. Our contribution is to model endogenous sovereign portfolio reallocation by banks in response to regulatory reform. Simulati...
