We examine the impact of eurozone membership on sovereign creditworthiness over the period 1996-2017. We find that: (a …) membership significantly improved sovereign creditworthiness, on average by well over one ratings notch, over this period; (b …) the ratings boost was significantly higher in the pre-crisis period (with countries in the periphery of the eurozone being …

membership less attractive …

In this paper, we examine the impact of eurozone membership on sovereign creditworthiness over the period 1996-2017 and … the underlying channels through which the impact operates. We find that: (a) eurozone membership improved sovereign credit … ratings, on average by over one notch; (b) the ratings boost was significantly higher in the pre-crisis period (with eurozone …

This paper argues that the key issue for defining and solving the Eurozone's (EZ) difficulties lies in readjusting the … strengthen the EZ through at least four channels. -- sovereign debt crisis ; Eurozone ; Euro ; exit rules ; bail-out ; political …