Pagano, Marco - In: Oxford Review of Economic Policy 20 (2004) 4, pp. 531-554
EMU. The persistence of small and variable yield differentials for sovereign debt under EMU indicates that euro-area bonds …In this paper, we document how, in the wake of monetary unification, the markets for euro-area sovereign and private …-sector bonds have become increasingly integrated. Issuers and investors alike have come to regard the euro-area bond market as a …