Sovereign Spreads and Financial Market Behaviour before and during the Crisis
This paper aims at shedding some light on the mechanisms of pricing the EMU countries’ sovereign bonds in financial markets. Employing the Augmented Mean Group (AMG) estimator, we find that major changes have occurred in terms of variables underlying sovereign risk. Since 2009, macroeconomic and fis...
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| Format: | Article |
| Language: | English |
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Universidad de Huelva
2015-07-01
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| Series: | Revista de Economía Mundial |
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| Online Access: | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3926 |