This paper studies the impact of investor composition on the sovereign debt market and the implied funding costs to …

, due to a changed perception in the country’s growth prospects, to an increase in the risk of domestic default, or to a … shift in investors’ attitudes toward risk. Often times, monetary and financial elements are combined. A drop in domestic …

The U.S. could be the source of the global financial risk because it longs risky assets and shorts safe assets in the … international capital market. This paper builds a stylized two-country model to highlight that when the developed country's risk …-bearing capacity improves, it holds more foreign risky assets and issue more risk-free debt. The foreign country's risk …

sovereign to corporate credit risk in Europe. A ten percent increase in sovereign credit risk raises corporate credit risk on … sovereign to corporate risk transfer …

The first Greek bailout on April 11, 2010 triggered a significant reevaluation of sovereign credit risk across Europe …. We exploit this event to examine the transmission of sovereign to corporate credit risk. A ten percent increase in … sovereign credit risk raises corporate credit risk on average by 1.1 percent after the bailout. The evidence is suggestive of …

currencies dampens the growth outlook by over 0.3 ppt and growth-at-risk (the lowest 5% of growth outcomes) by 0.6 ppt. Dollar … appreciation adversely affects investment growth-at-risk in particular and even export growth-at-risk, indicating that global …