six Euro-area countries over the period 2004-2011. As a first step, the supposed non stationarity of the two series is …

-study approach and yields on euro-denominated sovereign bonds, dollar-denominated sovereign bonds, corporate bonds, and corporate CDS …

We construct credit risk indicators for euro area banks and non-financial corporations. These are the average spreads … on the yield of euro area private sector bonds relative to the yield on German federal government securities of matched …-financial and financial firms increasingly reflect national rather than euro area financial conditions. Consistent with this view …

now highly-sensitive GIIPS group and other European country groupings (EU and Euro Area excluding GIIPS, and the non … in GIIPS to other euro countries is not evident once own-country credit rating changes are taken into account …

Using new data on security-level portfolio holdings by investor type and across countries in the euro area, we study …% of ECB purchases are sold by non-euro area investors, and we do not find evidence that risks get concentrated in certain …

The introduction of the euro on 1 January 1999 created the conditions for an integrated government bond market in the … euro area. Using a unique data set from the electronic trading platform Euro-MTS, we consider what is the benchmark' in … complex pattern of benchmark status in euro-area government bonds …