The Figure on the right displays the Euro Area systemic risk index as presented in the ''The role of systemic risk spillovers in the transmission of Euro Area monetary policy'' (2021) ESRB Working paper.

​

- The estimation is based on the CoVaR (2016) methodology and a sample of more than 250 Euro Area financial firms.

- The data period: 2001m1-2018m12.

​- The index is estimated for 11 Euro Area economies: Germany, France, Italy, Spain, the Netherlands, Belgium, Austria, Finland, Greece, Portugal and Ireland.

​

 > CORE region (DEU, FRA, NLD, BEL, AUS)

 > PERIPHERY region (ITA, ESP, GRC, PRT, IRL)