Using novel monthly data for 226 euro-area banks from 2007 to 2015, we investigate the determinants of changes in banks …

institutional deficiencies share responsibility for the euro's failure, the bank has generally done "too little, too late" with … regard to managing the euro crisis, preventing protracted stagnation, and containing deflation threats. The bank remains … attached to the euro area’s official competitive wage-repression strategy, which is in conflict with the ECB's price stability …

This dissertation is a collection of three essays dealing with selected problems of the Euro Area during its most …

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

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 …