Spyros Palligkinis

Topics: banking, financial stability, household finance.

Contact: spyros (dot) palligkinis (at) ecb (dot) europa (dot) eu 

Important disclaimer: Views expressed in this website are my own and do not necessarily reflect those of the European Central Bank, the Eurosystem or the Single Supervisory Mechanism. 

Work in Progress

European banks in the March 2023 turmoil: what were the drivers of spillover risk? , with Klaus Düllmann and Estrella Garcés. 

Research Publications

Bank lending rates and the riskiness of euro area household loans (2025), ECB Working Paper Series, No. 3053. (link)

Fire sales by euro area banks and funds: what is their asset price impact? (2020), Economic Modelling, 93, 430-444, with H. Mirza, D. Moccero and C. Pancaro. (link, ECB WP)

Control Thyself: Self-Control Failure and Household Wealth (2018), Journal of Banking and Finance, 92, 280-294, with N. Biljanovska.  (link, earlier SAFE WP version)

Trust and the household-bank relationship (2018), ECB Working Paper Series, No. 2184, with M. Ampudia. (link)

Runge-Kutta Methods for Fuzzy Differential Equations (2009), Applied Mathematics and Computation, 209(1), 97-105, with G. Papageorgiou and I. Famelis. (link)

Policy Publications

Bindingness of BBMs among euro area households in the current environment – microsimulations on granular household survey data (2024), Box D at Implications of higher inflation and interest rates for macroprudential policy stance, ECB  Occasional Paper Series, No. 358. (link)

Measuring the cost of equity of euro area banks (2021), ECB  Occasional Paper Series, No. 254, with C. Altavilla, P. Bochmann, J. De Ryck, A.-M. Dumitru, M. Grodzicki, H. Kick, C. M. Fernandes, J. Mosthaf and C. O’Donnell. (link)

Contributor to Macroprudential stress test of the euro area banking system (2019), ECB  Occasional Paper Series, No. 226. (link)

Contributor to Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures (2019),  ECB  Occasional Paper Series, No. 223. (link)

Financial stability implications of crypto-assets (2018),  Box 4 at Financial Stability Review, European Central Bank, May 2018, 69-72, with M. Adachi, S. Kördel, L. Steininger and A. van der Kraaij. (link)

Leveraged loans: a fast-growing high-yield market (2018), Box 5 at Financial Stability Review, European Central Bank, May 2018, 74-78, with C. Moldovan.  (link)

Contributor to Cross-border bank consolidation in the euro area (2017),  Special Feature at Financial integration in Europe, European Central Bank, 41-64. (link)

Sectoral sales of government securities during the ECB’s asset purchase programme (2016), with R. Adalid, mimeo. (latest version at SSRN, featured at ECB Economic Bulletin, Issue 4 / 2017)