This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … threaten the euro's survival. The crisis in Euroland poses a global "too big to fail" threat, and presents a moral hazard of … perhaps unprecedented scale to the global community. -- Euro ; Monetary Union ; Banking Crisis ; Balance-of-Payments Crisis …

economic booms in some peripheral Euro-zone countries financed by large capital inflows; the credit and asset price booms and … Latin American audiences. For those Euro-zone countries that built up large Euro-denominated external liabilities, Latin …

We identify crucial events during the European sovereign debt crisis and investigate their impact on the euro currency …. In particular, we analyse how specific announcements related to vulnerable Eurozone member states, European Central Bank … (ECB) actions, and credit rating downgrades affect the value and the crash risk of the euro. We proxy the value changes of …

depressed euro that boosted German extra-area exports. But the crisis that started in Euroland's so-called periphery has … meanwhile reached the core. With pro-euro sentiments dwindling fast across the European Union (EU), the future of the euro … turn out to be a double-edged sword. In case of a euro breakup, swift appreciation of the new deutschmark would abruptly …

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … the euro's survival. The crisis in Euroland poses a global “too big to fail” threat, and presents a moral hazard of …

For the euro debt crisis, we assess the relevance of financial contagion from an investor perspective. We find that … events does not add information to a standard analysis of risk. Hence, contagion in the euro debt crisis appears to bear …

We identify crucial events during the European sovereign debt crisis and investigate their impact on the euro currency …. In particular, we analyze how specific announcements related to vulnerable Eurozone member states, European Central Bank … (ECB) actions, and credit rating downgrades affect the value and the crash risk of the euro. We proxy the value changes of …

This paper studies the relative pricing of euro area sovereign CDS and the underlying government bonds. Our sample … comprises weekly CDS and bond spreads of ten euro area countries for the period from January 2006 to June 2010. We first compare …