The sovereign debt crisis in the euro area has increased the interest in early warning indicators, with the aim to … indicate the build?up of fiscal stress early on and to facilitate crisis prevention by a timely counteraction of fiscal and …

The sovereign debt crisis in the euro area has increased the interest in early warning indicators, with the aim to … indicate the build up of fiscal stress early on and to facilitate crisis prevention by a timely counteraction of fiscal and …

-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields … between distressed countries, indicating potential crisis spillover effects. However, we do not detect spillover effects from … Markets Programme (SMP) mitigate the negative crisis spillovers among the distressed countries and reduce the flight …

Using proprietary data on banks’ monthly securities holdings, we find that during the European sovereign debt crisis …

Sovereign debt crisis, domestic banks in fiscally stressed countries were considerably more likely than foreign banks …

Against the background of the euro area sovereign debt crisis, our paper investigates the relationship between public …