addition, changes in sovereign and bank risk are believed to have had strong effects on world-wide exchange rates. This paper … those of bailouts. Furthermore, we demonstrate that the Euro depreciates significantly against the Yen and US Dollar … following general risk shocks in the euro area and only to a small extent following bailout shocks. The Pound Sterling is not …

the real economy in the euro area. Our FSI was shown to perform better than the Euro STOXX 50 volatility index for the … recent banking crisis and the euro-area sovereign debt crisis and to be able to serve as an early warning indicator for …

We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has … options on the euro area harmonized index of consumer prices provides us with the full distribution of inflation expectations …

The euro area crisis is often linked to the emergence of current account imbalances. As most of the deficit countries … of claims of domestic banks on debtors in other euro-area countries, and an increase is expected to lead to higher …

this paper the macroeconomic consequences of cross-border banking in monetary unions such as the euro area. For this … financial sector may have exacerbated the emergence of macroeconomic imbalances within the euro area. Additionally, we show the …

We study the distributional consequences of housing price, bond price and equity price increases for Euro Area … Euro Area countries. …

sovereign CDSs of 10 eurozone countries to test the evidence of long memory behavior during the financial crisis. Our analysis … eurozone countries by estimating dynamic conditional correlations. -- Credit default swaps ; long memory ; sovereign risk … ; eurozone economies ; FIGARCH ; dynamic conditional correlation …