Determinants of Non-Resident Government Debt Ownership

We examine the determinants of non-resident government debt ownership, accounting for domestic and external factors and financial variables during the period 2000Q2-2014Q4, focussing on a small euro area open economy: Portugal. Our results show that better fiscal positions, higher systematic stress in Europe, and higher shares of MFI cross-border holdings of public debt, increase the share of non-resident held debt, and rising sovereign yields decrease that ratio

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Year of publication:	2016
Authors:	Afonso, António
Other Persons:	Silva, Jorge (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Öffentliche Schulden \| Public debt \| Eigentümerstruktur \| Ownership structure \| Corporate Governance \| Corporate governance

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Extent:	1 Online-Ressource (11 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: ISEG Economics Department Working Paper No. WP 03/2016/DE/UECE Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2015 erstellt
Classification:	C22 - Time-Series Models ; E44 - Financial Markets and the Macroeconomy ; F34 - International Lending and Debt Problems ; G15 - International Financial Markets ; H63 - Debt; Debt Management
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013001987