is constrained by the zero lower bound. Two main findings stand out. First, in all the countries we analyse (U.S., Euro …

-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil … debt ratios relative to Germany contributed to higher government bond yield spreads in the euro area during the analysed …

This note looks at US$ and DM/Euro denominated government bond spreads relative to US and German benchmark bonds before …

This paper studies the relative pricing of euro area sovereign CDS and the underlying government bonds. Our sample … comprises weekly CDS and bond spreads of ten euro area countries for the period from January 2006 to June 2010. We first compare …

The main objective of this paper is to study whether the introduction of the euro had an impact on the degree of … evidence suggests that the impact of the introduction of the euro on the degree of integration of European Government bond … risk factors, and more vulnerable to EMU risk factors. However, euro markets are only partially integrated, since they are …