Beetsma, Roel; Giuliodori, Massimo; de Jong, Frank; … - In: Journal of International Money and Finance 34 (2013) C, pp. 83-101
the upward pressure on domestic and foreign interest spreads is driven by bad news. We also find spill-overs of bad news … from GIIPS countries onto non-GIIPS countries. However, the magnitude of these spill-overs is substantially smaller than …