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Economic theory has recently begun to consider the economic impact of narratives. Narrative economics can also be extended to the analysis of the economic-political effect of narratives in the context of the European core-periphery divide, which intensified after the European sovereign-debt...
Persistent link: https://www.econbiz.de/10014433720
Persistent link: https://www.econbiz.de/10012547582
finanziellen und wirtschaftlichen Ereignisse seit der globalen Finanzkrise. Darüber hinaus untersuchen wir die langfristige … in den Core- und Non-Core Staaten der Eurozone in der Anfangszeit der EWU. In den Teilstichproben nach der europäischen … implementing the Johansen parametric standard approach in cointegration testing in combination with two non-parametric test …
Persistent link: https://www.econbiz.de/10014487117
This study provides a dynamic analysis of the lead-lag relationship between sovereign Credit Default Swap (CDS) and bond spreads of the highly indebted southern European countries, considering an extensive time sample from the period before the global financial crisis to the latest developments...
Persistent link: https://www.econbiz.de/10012175748
This paper studies the emergence of sovereign bond yield spreads in the Eurozone prior to the financial crisis. While … cycles deviate most from the average Eurozone cycle. In contrast, spreads did not arise in response to adverse macroeconomic …
Persistent link: https://www.econbiz.de/10014364133
separately or by taking into account the joint evolution of their values. The data refer to ten countries in the Eurozone along …
Persistent link: https://www.econbiz.de/10012436652
Eurozone public debt, to address two primary risks: roll-over and sustainability risk. The proposed EDA would price its loans … sovereign debt in the Eurozone that would promote fiscal responsibility and stability. …
Persistent link: https://www.econbiz.de/10015130229
The euro area crisis was characterised by a negative feedback loop between banks and sovereigns. The paper aims to indicate the genesis of this phenomenon and to determine the scale of its operation during the crisis and post-crisis conditions, as well as to identify the threats it brings. In...
Persistent link: https://www.econbiz.de/10012417814
Objective: The objective of the article is to identify the determinants of the EU countries’ sovereign credit ratings with a particular focus on the impact of the euro area crisis. Research Design & Methods: The study is conducted for the 28 EU countries for the years 2004-2018. The research...
Persistent link: https://www.econbiz.de/10012517007
The paper quantifies the impact of the outbreak of the Russo-Ukrainian war on sovereign bond yields for 58 countries. Our findings based on event study methodology and multivariate cross-sectional regression analysis highlight the salient role of trade channel in shaping the markets' reaction to...
Persistent link: https://www.econbiz.de/10015189627