Sensoy, Ahmet; Rostom, Ahmed; Hacihasanoglu, Erk - Research Department, Borsa İstanbul - 2015
We focus on the developments in the EMU sovereign debt markets in the last decade. First, we show the integration … structure of the EMU bond markets before and after the sovereign debt crisis. Accordingly, a fair integration is observed … between EMU bond markets during the pre-crisis period. However, a strict segmen-tation emerges with the sovereign debt turmoil …