The cross-border cooperation is a basic part of the European integration process; it is considerably present in the regional newspapers, although there is neither a constant reference to the European context nor a strategy for people’s information which should translate the substance of...

This paper studies spillovers across sovereign debt markets in the wake of sovereign rating changes. To this end, we use an extensive dataset covering all announcements by the three major agencies (Standard & Poor's, Moody's, Fitch) and daily sovereign bond market movements of up to 73 developed...