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 … umbrella. We discover that ECB actions on average result in a euro depreciation on the day of the announcement reflecting …We identify crucial events during the European sovereign debt crisis and investigate their impact on the euro currency …