García, Juan Ángel; Gimeno Nogués, Ricardo - 2014
flujos de huida a la liquidez (flight-to-liquidity, FTL), además de los flujos de huida a la seguridad (flight-tosafety, FTS … periods of market stress, portfolio reallocations in bond markets reflect both safety and liquidity concerns. Using sovereign … and national agency bonds, we construct indicators of liquidity premia in major euro area bond markets ; we document the …