Quarterly Report on the Euro Area (QREA), Vol. 23, No. 3 (2023)

Quarterly Report on the Euro Area (QREA), Vol. 23, No. 3 (2023)

This edition analyses three aspects of the possible macroeconomic consequences of the tightening of financing conditions in the euro area following the surge in inflation since mid-2021. First, it investigates banks profits. Second, it examines the vulnerabilities linked to government contingent liabilities related to the banking sector. Finally, it studies how higher interest rates may impact household debt.