Eurozone Exit Risk
In the course of eurozone exit, the underlying stocks of American Depositary Receipts (ADRs) would be redenominated from euros into the new national currency. We exploit ADR investors’ exposure to currency redenomination losses to derive a novel measure of eurozone exit risk. We find that while dome...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | English |
| Published: |
Saechsische Landesbibliothek- Staats- und Universitaetsbibliothek Dresden
2017
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| Online Access: | http://nbn-resolving.de/urn:nbn:de:bsz:14-qucosa-226362 http://nbn-resolving.de/urn:nbn:de:bsz:14-qucosa-226362 http://www.qucosa.de/fileadmin/data/qucosa/documents/22636/Eichler_Roevekamp_2017_Euro_Exit_Risk_CEPIE-WP-07-17-1.pdf |