bonds issued by the European Union (EU) are widely considered to be of high credit quality, and that their yield spread over …

expected and unexpected in ation shocks embedded in sovereign bond yields; and provides estimates of the real risk-free rate …The purpose of this paper is to study the compensation for in ation risks priced in sovereign bond yields. And we do so …. We show that nominal sovereign bond yields for Germany, France, Japan and the United States, reflect, over the more …

banks that were expected to increase SME lending due to the policy. Our results enhance our understanding of the bank …

reforming sovereign bond markets. …Sovereign debt crises are difficult to solve. This paper studies the "holdout problem", meaning the risk that creditors … dataset of 23 bond restructurings with external creditors since 1994. We then study the determinants of holdouts and find that …

bear on the European sovereign debt crisis, in the course of which under-capitalized banks in default-risky countries …

common feature of sovereign debt markets. The legal developments have strengthened the hands of creditors and raised the cost … of default for debtors. We show that legal disputes in the US and the UK disrupt government access to international … models with creditor sanctions and suggest that sovereign debt is becoming more enforceable. We discuss how the threat of …

credit risk, measured as the yield spread between low grade US corporate bonds and government bonds, also affects bond yield …This paper provides a study of bond yield differentials among EU eurobonds issued between 1991 and 2002. Interest … and debt-service ratio and depend positively on the issuer’s relative bond market size. Global investors’ attitude towards …

prices than their off-the-run counterparts. We examine if the same phenomenon is present in the German government bond market … controlled for. Instead, the highly liquid German bond futures market, whose turnover is many times larger than in the cash … during the recent financial crisis. -- Government bond ; liquidity ; liquidity premium ; futures market …

backstop to the government bond market. However, limited QE experience calls for caution in interpreting the results. …