automatic stabilizing function, 39
bank loans, 24, 28
banks, interconnectedness, 49
bond issuance, 38, 39
bond markets, 36–38
sector, 38–41
specificities across countries, 41–43
capital markets
circulation of funds, 12
direct financing, 35–36, 48
CDSs. See credit default swaps
circulation of funds
capital markets, 12
corporations and households, 9–10
economic sectors and interdependence, 10–11
financial relations, 13, 14
financial sector, 9
financing channels, 12–13
financing positions, 11–13
interconnections, 67–69
NFCs, 63–67
public sector, 13, 15–16
total assets and liabilities, 59–63
trust, 11
conferral of powers, EU, 7–8
contagion, 9, 45, 62, 69, 71, 89
credit cards, 5
credit default swaps (CDSs), 91, 92
debt instruments, 21
deposits ...
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