Schulz, Alexander; Wolff, Guntram B. - Deutsche Bundesbank <Frankfurt, Main> / … - 2008
We disentangle different driving factors of sovereign bond market integrationby studying yield co-movements of EMU … countries, the UK, the US and 16German L¨ander in the last 15 years. At a low frequency of weeks, bondmarket integration has … euro,as well as increasing international capital flows, appear to drive low frequencyintegration. In contrast, yield …