Kräussl, Roman; Lehnert, Thorsten; Senulyte, Sigita - 2015
(ECB) actions, and credit rating downgrades affect the value and the crash risk of the euro. We proxy the value changes of … the euro by its abnormal foreign exchange (FX) rate returns with respect to 35 currencies. The crash risk of the euro is … crash risk. Interestingly, we find that specific announcements about Greece on average do not substantially affect the euro …