This paper investigates the link between sovereign ratings and macroeconomic fundamentals for a group of euro area … countries which recorded rating downgrades amid the euro area sovereign debt crisis. We apply an elaborated econometric … estimation technique, based on a Bayesian ordered probit model, to understand how the decisions of rating agencies can be …

This paper investigates the link between sovereign ratings and macroeconomic fundamentals for a group of euro area … countries which recorded rating downgrades amid the euro area sovereign debt crisis. We apply an elaborated econometric … estimation technique, based on a Bayesian ordered probit model, to understand how the decisions of rating agencies can be …

This paper analyses the incidence and severity of sudden stops in euro area countries before and after the introduction … stops, we document that sudden stops were overall more frequent and more severe in euro area countries compared to other … euro area countries to severe sudden stops mainly reflects domestic fundamentals whereas there is no clear evidence of an …

This paper analyses the incidence and severity of sudden stops in euro area countries before and after the introduction … stops, we document that sudden stops were overall more frequent and more severe in euro area countries compared to other … euro area countries to severe sudden stops mainly reflects domestic fundamentals whereas there is no clear evidence of an …

model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export …

euro area countries during the crisis period. In particular, the significant gains in export market shares in a number of … vulnerable euro area crisis countries did not coincide with an appropriate improvement in price competitiveness. This paper … euro area countries suggests domestic demand pressure and capacity constraint restrictions as additional variables of a …

euro area countries during the crisis period. In particular, the significant gains in export market shares in a number of … vulnerable euro area crisis countries did not coincide with an appropriate improvement in price competitiveness. This paper … euro area countries suggests domestic demand pressure and capacity constraint restrictions as additional variables of a …

rate volatility on labor markets in the CEECs is analyzed, finding that volatility vis-à-vis the euro significantly lowers …