This paper studies the impact of credit rating agency (CRA) announcements on the value of the Euro and the yields of … French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011 …-2012. The employed GARCH models show that CRA downgrade announcements negatively affected the value of the Euro currency and …

This paper examines whether the Big Three credit rating agencies actually played as active a role in the Euro Crisis as … the Eurozone crisis in 2009, irrespective of economic and institutional fundamentals. A subsequent analysis of the markup …

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 …

This paper explores the impact of the European debt crisis on the valuation of sovereign debt in the euro area in a … sovereign debt at the beginning of the European debt crisis. While for core euro-area countries this structural break takes the … debt levels, a downward shift is observed for a set of peripheral euro-area countries. These findings are consistent with …

This paper examines whether the Big Three credit rating agencies actually played as active a role in the Euro Crisis as … the Eurozone crisis in 2009, irrespective of economic and institutional fundamentals. A subsequent analysis of the markup …