Kataryniuk, Iván; Mora Bajén, Víctor María; Pérez … - 2021
integration; (ii) fiscal policy; (iii) bailouts. With our extremely rich narrative at hand, we conduct event-study regressions … políticas económicas». ; Sovereign spreads within the European Monetary Union (EMU) arise because markets price-in heterogeneous … country fundamentals, but also re-denomination risks, given the incomplete nature of EMU. This creates a permanent risk of …