Government bond yields and foreign ownership of debt

We analyse the government bond yield spread vis-à-vis Germany for 10 countries in the euro area for the period 1991 to 2009. Our results suggest a positive relationship between the marginal impact of government debt on the spread and foreign ownership of the government debt of the country concerned for countries currently facing difficulties to finance their deficits. This conditioning effect is absent in other countries in our sample.

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Year of publication:	2012
Authors:	Broos, Menno ; Haan, Jakob de
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 19.2012, 5, p. 435-438
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010976486