Apergis, Nicholas; Ajmi, Ahdi Noomen - In: Czech Journal of Economics and Finance (Finance a uver) 65 (2015) 2, pp. 106-126
This empirical study attempts to measure the direction of effects related to systemic sovereign risk (i.e. proxied by CDS prices) on a number of asset prices in four heavily stressed European economies: Greece, Ireland, Italy and Spain. The paper is innovative in terms of addressing the...