What is the current state of sovereign credit risk across Euro zone? Does the recent fiscal crisis extend to other (non … Euro zone) countries? Is Greece the center of the problem? How did the current fiscal crisis in the Euro area start? Who is … behind it? Why can it evolve? How can it be addressed? And, is a fiscally-challenged country likely to want to leave the Euro …

and heightened volatility in its currency. This paper shows that not only the creditworthiness of the euro-area countries … determinants of the deep out-of-the-money euro put option prices, which embedded information on the euro crash risk during the …

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 …

of contagion effects within the Euro area. The one-factor Black model, one-factor quadratic model and one-factor Black …

States to finance their national debts has risen. Providing the market for euro-denominated government securities with a …

The purpose of this article is to study the usage of the Euro as a currency of government bonds in the euro area. This … assets denominated in it. This is important due to the large scale use of this money by Eurozone governments to … belief that the Euro will affect the nature of the financial needs of investors (and thus the functioning of markets) and it …

In this paper we examine sovereign bond yield spread (BYS) spillovers between Euro zone countries during a turbulent … period encompassing both the global financial crisis and the Euro zone debt crisis. Using the VAR-based spillover index … future BYS, and are related to news announcements and policy changes; (ii) BYS spillovers between Euro zone countries are …