Apergēs, Nikolaos; Mamatzakis, Emmanuel C. - 2012
Debt Crisis ; Spreads ; CDS ; FAVAR Model ; Greece and Ireland …, credit risk, and flight to quality drive both spreads and CDSs of five years' maturity over swaps for Greece and Ireland in … recent years. Greece, in particular, is facing an elastic demand for its sovereign bonds that further stretches liquidity …