Menkveld, Albert J.; Cheung, Yiu Chung; Jong, Frank de - 2004
by this model, we consider a common factor in
euro-area yield spreads, as, most likely, EMU governments are increasingly …, order imbalance, euro, international
4
ECB
Working Paper Series No. 385
August 2004
Non-Technical Summary
Government bond … 2004
EURO AREA
SOVEREIGN
YIELD DYNAMICS
THE ROLE OF
ORDER IMBALANCE
1
by Albert J. Menkveld
2
,
Yiu C. Cheung
3
and …