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matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more …This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … sovereign risk factor, a European sovereign risk factor and a Financial intermediaries risk factor. Our main findings are as …
Persistent link: https://www.econbiz.de/10013088213
for the eurozone. The triple euro area crisis showed the costly consequences of ignoring the "safety trilemma". Keeping a … capital mobility and maintaining economic and financial stability in a monetary union. The euro area needs a single safe … countries must therefore act as the joint sovereign behind the euro and choose from two options. First, they could establish a …
Persistent link: https://www.econbiz.de/10011975765
cross-border exposures.The analysis of the data shows that sovereign risk mainly concentrates in the EU countries. The EWMA … the Eurozone. The adjusted correlation analysis confirms that Greece and other PIIGS (even Spain and Italy) have lower …
Persistent link: https://www.econbiz.de/10012965163
matter concerning the Euro Zone. Second, differences in vulnerability to contagion within the Eurozone are even more …This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent … sovereign risk factor, a European sovereign risk factor and a Financial intermediaries risk factor. Our main findings are as …
Persistent link: https://www.econbiz.de/10011731038
the Euro area monetary and fiscal systems by focusing markets and public attention on the core cause of the overall Euro … crisis, the insolvency of the Euro area member-states model of debt financing of public and private expenditure and … investment. Hence, any repair of the system will require addressing the twin malaises of the Euro area model of economic …
Persistent link: https://www.econbiz.de/10013122727
The structure of the international banking market has evolved in important ways since the introduction of the euro in … 1999. In comparison to legacy currencies, the use of the euro in cross-border banking transactions grew on aggregate, and … the bilateral linkages within the euro area became more dispersed in the years after its introduction. However, growth in …
Persistent link: https://www.econbiz.de/10014202576
Persistent link: https://www.econbiz.de/10013445867
This study examines the relationship between economic policy uncertainty and exchange rate volatility in the Euro area … textual analysis methods. Findings suggest that European uncertainty significantly impacts the euro exchange rate volatility …
Persistent link: https://www.econbiz.de/10014353526
determinants for sovereign recovery risk. Guided by theoretically backed hypotheses we use a sample of 102 past restructurings and …
Persistent link: https://www.econbiz.de/10012856237
, which are disproportionately affected by climate change, raises significant concerns. This study shows that sovereign risk …. Countries with elevated risk levels are disproportionately vulnerable to climate change compared to their lower-risk … vulnerability to climate change, in terms of sovereign risk, particularly for countries with low spreads and long-term debt …
Persistent link: https://www.econbiz.de/10014529900