’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in …

eurozone sovereign quanto spreads, i.e., di erences in credit default swap (CDS) premiums denominated in U.S. dollar and Euro …

is described using a stochastic regime-switching model; second, the euro area governments’ responses to uncertain … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area … understand key drivers of the long-winded negotiations between the Syiza government and the euro area governments. …

The recent Euro area crisis, which has originally been driven mainly by macroeconomic factors, has had a strong impact … among a sample of Euro area countries during the recent Lehman default and sovereign debt crisis. To test for contagion, we … pre-crisis “tranquil” periods, thus pointing out the occurrence of contagion phenomenon among Euro area countries during …

We investigate the comovement between sovereign and bank credit risk in the Euro area over the period 2008-2010. We …