Euro area sovereign debt
Public debt, GDP and the Sovereign Debt Laffer curve: a country-specific analysis for the Euro Area
... between sovereign debt and GDP were estimated for each Eurozone ...Second, sovereign debt thresholds were computed as the maximum point beyond which further increases in public debt ...
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Debt crisis and 10-year sovereign yields in Ireland and in Portugal
... Portuguese sovereign yield rose (87 bp) due to increases in the 10-year Bund yield (100 ...of debt ratio had a nonlinear impact on the sovereign ...public debt ratio of up to 126% increased ...
7
Debt crisis and 10-year sovereign yields in Ireland and in Portugal
... Portuguese sovereign yield rose (87 bp) due to increases in the 10-year Bund yield (100 ...of debt ratio had a non-linear impact on the sovereign ...public debt ratio of up to 126% increased ...
11
Euro area sovereign yields and the power of unconventional monetary policy
... The results for the country split show that the coefficients of the regression for the core countries don’t seem to be too significant, apart from the VIX factor and the CBPP1 variable. On the other hand, there is more ...
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The euro sovereign debt crisis, determinants of default probabilities and implied ratings in the CDS market: an econometric analysis
... The sovereign debt crisis in the Euro area has been receiving standard answers in the political arena, albeit reduced attention from the scientific ...indebted Euro zone countries, have ...
5
Government debt and economic growth in the Euro Area : an empirical investigation
... the sovereign debt crisis has passed, it has left some European countries with large amounts of debt whose effects on growth still remains a point of con- ...12 euro area countries were ...
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Quantitative easing and sovereign yield spreads : Euro-Area time-varying evidence
... of sovereign yield spreads in 9 EMU countries by applying a panel co-integration approach allowing for structural ...of sovereign bond spreads in the long ...the sovereign debt ...in ...
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An analysis of equity markets cointegration in the european sovereign debt crisis
... This has frequently been explained by the fact that Spain has a larger economy and a less problematic debt. However, Spain’s main problem was that most of its current account deficit was financed with foreign ...
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Sovereign debt crisis in Portugal and Spain
... public debt/GDP was in a downward trajectory, decreasing from 58% to ...the euro area it benefited from low interest rates and the expansionary monetary policy which in part explain the long growth ...
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Sovereign debt crisis in Portugal and Spain
... and debt levels rising gently (Beirne & Fratzscher, 2013); the yields of sovereign bonds were converging to German values and were below 50 basis points (bps) (Bernoth & Erdogan, ...of ...
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Equity Market Integration in the Euro Area.
... the euro area, suffered several structural changes of which the introduction of the common currency and the great financial crisis 1 are the most important (Baele et ...and sovereign debt ...
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ASPECTS OF THE EURO AREA FINANCIAL SYSTEM FRAGMENTATION
... the Euro zone countries (particularly the countries having difficulties with the public debt) and of an even deeper economic ...the sovereign debts in the countries from the periphery of the ...
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Euro Area monetary policy and financial stress regimes
... Two well-known events of systemic stress in financial markets, the global financial crisis of 2007 and the sovereign debt crisis of 2010, have marked the brief history of the European Monetary Union. Both ...
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Tracking the relationship between euro area equities and sovereign bonds
... the euro area stocks and sovereign bonds, the detrended cross-correlation analysis (DCCA) originally developed by Podobnik and Stanley (2008) is ...and debt instruments at different scales, ...
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Euro area sovereign yields and the power of QE
... 2010-11 sovereign debt crisis in the EMU and the significant increase of the spreads on 10-year sovereign bond yields, there was also an increase in the credit risk premium for periphery ...
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Predicting GDP growth in the Euro Area
... the area, to perform macroeconomic forecasts, allow policy analysis and to deepen the knowledge of the functioning of the euro area ...the euro area as a single economy; it is a medium ...
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Effect of European Sovereign Debt Crisis on Banks’ Stock Market Performances
... a sovereign debt crisis can have first on banks, and consequently on the general ...government debt crisis are not common in developed countries, the literature studying the importance of credit ...
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SOME ASPECTS CONCERNING SOVEREIGN DEBT AND THE RELATIVITY OF INDEBTEDNESS INDICATORS
... the debt to Italian bankers, the Mexican default of August 1982 or the Argentine one back in 2001, aiming at nearly 100 billion dollars, are well ...about sovereign debt started with the so-called ...
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Inglorious revolution: sovereign debt, tropical credibility, and financial underdevelopment in imperial Brazil
... With the abrupt declaration of independence in 1822 Brazilians confronted a two- pronged challenge: the fundamental problem of state building, and a public debt inherited from the colonial era, originally taken on ...
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Stock flow adjustments in sovereign debt dynamics : the role of fiscal frameworks
... by debt rule (772 occurrences), expenditure rule (399), the least frequent being the revenue rule ...and debt rule (in Malaysia). If a given rule was in place, the debt rule was present in a given ...
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