Ben Cheikh, Nidhaleddine; Rault, Christophe - 2015
heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using … movements. For instance, the rate of pass-through in Greece is equal to 0.66% when the yield differential is below 2.13%, but … of confidence during the recent sovereign debt crisis has entailed higher sensitivity of import prices to exchange rate …