Pagano, Marco; von Thadden, Ernst-Ludwig - C.E.P.R. Discussion Papers - 2004
-sector bonds have become increasingly integrated. Issuers and investors alike have come to regard the euro area bond market as a … single one. Primary and secondary bond markets have become increasingly integrated on a pan-European scale. Issuance of … public ones, and by the greater liquidity of secondary markets. Bond yields have converged dramatically in the transition to …