000132501 001__ 132501 000132501 005__ 20250923084412.0 000132501 0247_ $$2doi$$a10.1016/j.jimonfin.2023.102992 000132501 0248_ $$2sideral$$a137659 000132501 037__ $$aART-2024-137659 000132501 041__ $$aeng 000132501 100__ $$aArghyrou, Michael G. 000132501 245__ $$aPrivate bank deposits and macro/fiscal risk in the euro-area 000132501 260__ $$c2024 000132501 5060_ $$aAccess copy available to the general public$$fUnrestricted 000132501 5203_ $$aWe use a panel of ten euro area member states to examine the link between macro/fiscal risk and private bank deposits relative to Germany. Our main findings are summarised as follows: First, the relationship between relative deposits and macro/fiscal risk factors is not stable over time. Second, the significant time variation characterizing this relationship is driven by aggregate EMU-wide macro/fiscal risk conditions. Third, relative deposits in periphery EMU countries are generally more responsive to macro/fiscal risk. Fourth, the ECB’s unconventional monetary policy moderated the effect of the global financial and European debt crises on the relationship between relative deposits and macro/fiscal risk. Our empirical findings can inform the ongoing policy debate regarding the completion of the European Banking Union. 000132501 536__ $$9info:eu-repo/grantAgreement/ES/MICINN/ECO2017-83255-C3-1-P$$9info:eu-repo/grantAgreement/ES/MINEIC/ECO2017-83255-C3-3-P 000132501 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/ 000132501 590__ $$a3.3$$b2024 000132501 592__ $$a1.304$$b2024 000132501 591__ $$aBUSINESS, FINANCE$$b60 / 241 = 0.249$$c2024$$dQ1$$eT1 000132501 593__ $$aFinance$$c2024$$dQ1 000132501 593__ $$aEconomics and Econometrics$$c2024$$dQ1 000132501 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000132501 700__ $$0(orcid)0000-0001-6609-4247$$aGadea, María-Dolores$$uUniversidad de Zaragoza 000132501 700__ $$aKontonikas, Alexandros 000132501 7102_ $$14014$$2225$$aUniversidad de Zaragoza$$bDpto. Economía Aplicada$$cÁrea Economía Aplicada 000132501 773__ $$g140 (2024), 102992 [18 pp.]$$pJ. int. money financ.$$tJournal of International Money and Finance$$x0261-5606 000132501 8564_ $$s1156947$$uhttps://zaguan.unizar.es/record/132501/files/texto_completo.pdf$$yVersión publicada 000132501 8564_ $$s2168135$$uhttps://zaguan.unizar.es/record/132501/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000132501 909CO $$ooai:zaguan.unizar.es:132501$$particulos$$pdriver 000132501 951__ $$a2025-09-22-14:30:48 000132501 980__ $$aARTICLE