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The Euro area sovereign debt crisis: safe haven, credit rating agencies and the spread of the fever from Greece, Ireland and Portugal

De Santis, Roberto A. - 2012

Since the intensification of the crisis in September 2008, all euro area long-term government bond yields relative to the German Bund have been characterised by highly persistent processes with upward trends for countries with weaker fiscal fundamentals. Looking at the daily period 1 September...

Persistent link: https://www.econbiz.de/10011605464

The Euro area sovereign debt crisis: safe haven, credit rating agencies and the spread of the fever from Greece, Ireland and Portugal

Santis, Roberto A. De - European Central Bank - 2012

Persistent link: https://www.econbiz.de/10010686751

Sovereign spreads in emerging economies : do natural resources matter?

Dauvin, Magali - 2016

Persistent link: https://www.econbiz.de/10011736794

Investor sentiment, sovereign debt mispricing, and economic outcomes

Al-Amine, Ramzy; Willems, Tim - 2020

We find that countries which are able to borrow at spreads that seem low given fundamentals (for example because investors take a bullish view on a country's future), are more likely to develop economic difficulties later on. We obtain this result through a two-stage procedure, where a first...

Persistent link: https://www.econbiz.de/10012301895

IMF programs and stigma in emerging market economies

Maurini, Claudia - 2019

Persistent link: https://www.econbiz.de/10012130093

Does the IMF program implementation matter for sovereign spreads? : the case of selected European emerging markets

Tartari, Darlena; Tola, Albi - 2019

Persistent link: https://www.econbiz.de/10012026520

The rewards of fiscal consolidation : sovereign spreads and confidence effects

David, Antonio C.; Guajardo, Jaime; Yépez, Juan F. - 2019

This paper investigates the effects of fiscal consolidation announcements on sovereign spreads in a panel of 21 emerging market economies during 2000-18. We construct a novel dataset using a global news database to identify the precise announcement date of fiscal consolidation actions. Our...

Persistent link: https://www.econbiz.de/10012102084

Asymmetric monetary policy spillovers : the role of supply chains, credit networks and fear of floating

Mistak, Jakub; Ozkan, F. Gulcin - 2024

This paper examines the asymmetry in global spillovers from Fed policy across tightening versus easing episodes several … (ii) global supply chains, allowing us to match the asymmetry of spillovers across contractionary versus expansionary … spillovers during contractionary episodes under both conventional and unconventional monetary policy changes. Our results also …

Persistent link: https://www.econbiz.de/10015178607

What shapes spillovers from monetary policy shocks in the United States to emerging market economies?

Andres-Escayola, Erik; McQuade, Peter; Schroeder, Christofer - 2024

Monetary policy decisions by the Federal Reserve System in the US are widely recognised to have spillover effects on the rest of the world. In this paper, we focus on the asymmetric effects of US monetary policy shocks on macro-financial outcomes in emerging market economies (EMEs). We shed...

Persistent link: https://www.econbiz.de/10015163277

When does FDI have positive spillovers? : evidence from 17 transition market economies

Gorodnichenko, Yuriy; Švejnar, Jan; Terrell, Katherine D. - 2013

host country (i.e., spillovers). We document that backward linkages have a consistently positive effect on productivity of … domestic firms while horizontal and forward linkages show no consistent effect. We also examine how the strength of spillovers …

Persistent link: https://www.econbiz.de/10010227718