Excessive fiscal spending is commonly cited as a primary cause of the current European sovereign debt crisis. We … the EMU core has emerged relatively unscathed from market speculation during the crisis despite that fact that some of …

spreads shifted markedly between the pre-crisis and crisis periods. European countries had quite similar CDS responses to … credit rating changes during the pre-crisis period, but that large differences emerged during the crisis period between the …

Eurozone public debt, to address two primary risks: roll-over and sustainability risk. The proposed EDA would price its loans … sovereign debt in the Eurozone that would promote fiscal responsibility and stability. …

This paper studies the determinants of the euro exchange rate during the European sovereign debt crisis, allowing a … communication by policy makers at times of crisis should be cautious about triggering undesirable financial market reactions …

since the Eurozone Sovereign Debt Crisis of 2009-2012, and particularly in the aftermath of the Covid-19 pandemic. It is …This paper investigates the risk implications of securitizing the Eurozone sovereign debt as collateralised debt … obligations (CDO). The proposal of creating asset-backed securities underpinned by Eurozone sovereign bonds has gained traction …

European sovereign debt crisis. Overall, this enabled banks with affiliated mutual funds to sell off larger amounts of their …