Ehrmann, Michael; Osbat, Chiara; Stráský, Jan; … - In: Journal of International Money and Finance 49 (2014) PB, pp. 319-339
, allowing a role for macroeconomic fundamentals, policy actions and the public debate by policy makers. It finds that the euro … findings of the paper also suggest that financial markets might have been less reactive to the public debate by policy makers … by policy makers at times of crisis should be cautious about triggering undesirable financial market reactions. …