Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/213201 
Year of Publication: 
2019
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 54 [Issue:] 2 [Publisher:] Springer [Place:] Heidelberg [Year:] 2019 [Pages:] 106-113
Publisher: 
Springer, Heidelberg
Abstract: 
This paper examines the real return that households in large euro area countries achieved with their financial portfolios since the onset of the euro. A newly compiled dataset shows that, contrary to widespread belief, overall real returns did not decline in the low interest environment. Indeed with the exception of Italy, they increased on average between 2008-2017. The determinants for this development, however, differ between the countries under consideration.
Persistent Identifier of the first edition: 
Document Type: 
Article

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