Economic analyses largely ignore Europe's fragmented public sphere, a feature that distinguishes the euro area from … identifying the key crisis-related topics in articles from four opinion-forming newspapers in the largest euro-area countries … considers where blame for the crisis has been laid with the aim of informing the current debate on euro-area governance reform …

This paper tests the hypothesis on market efficiency for returns on the euro against fifteen currencies while assuming …

This paper studies the impact of credit rating agency (CRA) announcements on the value of the Euro and the yields of …-2012. The employed GARCH models show that CRA downgrade announcements negatively affected the value of the Euro currency and …

This paper explores the impact of the European debt crisis on the valuation of sovereign debt in the euro area in a … sovereign debt at the beginning of the European debt crisis. While for core euro-area countries this structural break takes the … debt levels, a downward shift is observed for a set of peripheral euro-area countries. These findings are consistent with …

Previous work has documented a greater sensitivity of long-term government bond yields to fundamentals in Euro area … stress countries during the euro crisis, but we know little about the driver(s) of regimeswitches. Our estimates based on a …

This paper examines whether the Big Three credit rating agencies actually played as active a role in the Euro Crisis as …

originated from the financial convergence that followed adoption of the euro. …

We identify crucial events during the European sovereign debt crisis and investigate their impact on the euro currency … (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 …