Did the climb on the Greek sovereign spreads cause the devaluation of euro?

Evangelia Kasimati

Applied Economics Letters, 2011, vol. 18, issue 9, 851-854

Abstract: Despite the minimal size of the Greek economy within eurozone, our Error-Correction Model (ECM) identified that the deterioration in the public finances of the Greek government caused the euro depreciation over the last weeks of 2009 and first weeks of 2010.

Date: 2011
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DOI: 10.1080/13504851.2010.503927

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