Horny, Guillaume; Manganelli, Simone; Mojon, Benoît - In: Journal of Risk and Financial Management 11 (2018) 4, pp. 1-19
This paper analyses the determinants of euro area non-financial corporate bonds since the early 2000s, so as to gauge … the financial crisis. Second, at the height of the euro area sovereign crisis (2011-2012), high credit risk premia were … provide a simple measure of financial integration across the big 4 member states of the euro area. …