I now would like to review  To explain the rise in the unemployment rate since the 1990s, researchers have conducted factor decomposition, concluded that a shortage in demand and structural changes in the labor market contributed to the rise, and then estimated the contribution.
[Slide 3: Total exposure of banks from non-stressed to stressed countries in % of their GDP]  1  Constâncio, V., (2012). Towards a European Banking Union. Speech at Duisenberg School of Finance, Amsterdam. 2  BIS central bankers’ speeches  I have first-hand experience of the difficulties that periphery countries faced.