implications are formulated, with relevance to Greece and the wider eurozone. Firstly, the importance of increased policy effort by …

In this paper, I examine the Hungarian government bond market’s liquidity developments in recent years. First, I … ownership structure of the government bond market, and raised the amount held by non-residents. A simple yield decomposition … shows that while during the crisis of 2008–2009, the Hungarian sovereign bond yields were enhanced principally by the …

We use realized variances and covariances based on intraday data from Eurozone sovereign bond market to measure the … dependence structure of eurozone sovereign yields. Our analysis focuses on the impact of news, obtained from the Eurointelligence … and decreases the covariance of distressed countries' yields with German bond yields, suggesting a flight …

? Stefan Homburg, Universität Hannover, ist skeptisch. Seiner Ansicht nach steckt die Eurozone in einer Zwickmühle. Etliche … Wirtschaftswachstum in Südeuropa, das aber unrealistisch sei. Wer die Lage der Eurozone nüchtern betrachte, müsse angesichts der Zunahme …

. Selbst wenn noch weitere Staaten in der Eurozone einen ähnlichen Abwertungsantrag stellen sollten, wären die Konsequenzen …