TAILIEUCHUNG - OccasiOnal Pa Per series nO 109 / a Pril 2010: EURO area Fiscal POlicies and The crisis

Special care has been taken to eliminate the survivorship bias inherent in the Bankscope database. Bureau van Dijk deletes historical information on banks that no longer exist in the latest release of this database. For example, the 2004 release of Bankscope does not contain information on banks that no longer exist in 2004 but did exist in previous years. 7 We address the survivorship bias in Bankscope by reassembling the panel data set by hand from individual cross-sections using historical, archived releases of the database. Bureau Van Dijk provides monthly releases of the Bankscope database. We used the last release of. | EUROPEAN CENTRAL BANK EUROSYSTEM OCCASIONAL PAPER SERIES NO 109 APRIL 2010 EZB EKT EK EURO AREA FISCAL POLICIES AND THE CRISIS Editor Ad van Riet EUROPEAN CENTRAL BANK EUROSYSTEM OCCASIONAL PAPER SERIES NO 109 I APRIL 2010 EURO AREA FISCAL POLICIES AND THE CRISIS Editor Ad van Riet In 2010 all ECB publications feature a motif taken from the 500 banknote. NOTE This Occasional Paper should not be reported as representing the views of the European Central Bank ECB . The views expressed are those of the authors and do not necessarily reflect those of the ECB. This paper can be downloaded without charge from http or from the Social Science Research Network electronic library at http abstract_id 1325250. European Central Bank 2010 Address Kaiserstrasse 29 60311 Frankfurt am Main Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main Germany Telephone 49 69 1344 0 Internet http Fax 49 69 1344 6000 All rights reserved. Any reproduction publication and reprint in the form of a different publication whether printed or produced electronically in whole or in part is permitted only with the explicit written authorisation of the ECB or the authors. Information on all of the papers published in the ECB Occasional Paper Series can be found on the ECB s website http pub scientifi c ops date html ISSN 1607-1484 print ISSN 1725-6534 online

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