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 …

Con la crisi del debito dell'Eurozona il rischio sovrano sulle obbligazioni governative dei paesi area Euro e …' radicalmente mutato. I fondi obbligazionari governativi area Euro investono proprio in questi strumenti finanziari e costituiscono … incremento del rischio sovrano di portafoglio.The default risk on Euro area sovereign bonds has significantly changed during the …

We use quanto credit default swaps to analyze the impact of a credit event in the Euro zone on the Euro-Dollar exchange … credit event if the payment in such an event is denominated in US-Dollar rather than in Euro, because they expect the Euro to … conditional on a credit event of a member of the Euro zone. We find that the implied effect is quite heterogeneous across the …

This paper examines the degree of fragmentation in the Euro overnight unsecured money market during the period June …

This paper examines the degree of fragmentation in the Euro overnight unsecured money market during the period June …

The introduction of the euro in 1999 is without any doubt one of the great achievements in the European integration … crisis there was a general perception that the euro zone was a great success. In 2008 the European Commission issued a report … (euro@10; European Commission, 2008) that was unqualified in its praise about the achievements of the euro zone. Then came …

This paper analyses the issues raised by EMU for the relationships between the euro area and the international … financial system. The depreciation of the euro exchange rate since the beginning of EMU has attracted most attention. The paper … that the authorities should take a more active policy stance. The paper assesses the role of the euro as an international …

The article analyzes and summarizes several considerations the impact the introduction of the euro had on derivatives …-term interest-rate derivatives it was the German Bund; and among euro indexes are dominant Stoxx indices. Moreover, the trade in …