This paper uses representative individual household data from Luxembourg to evaluate how severe economic conditions could affect bank exposure to the household sector. Information on household income, expenses and liquid assets are used to calculate household-specific probabilities of default (P...
Amidst the global financial crisis, international institutions, national authorities and international commercial banks collaborated closely to prevent contagion spreading to Central, East and south east Europe. They built a platform, the Vienna Initiative, that helped curb disruptions and resto...
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 ...
