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What “hides” behind sovereign debt ratings?
Afonso, António; Gomes, Pedro; Rother, Philipp - 2007
effectiveness indicators, external debt, external reserves, and default history. …
Persistent link: https://www.econbiz.de/10011604757
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What “Hides” Behind Sovereign Debt Ratings?
Afonso, António; Gomes, Pedro; Rother, Philipp - ISEG - School of Economics and Management, Department … - 2006
effectiveness indicators, external debt, external reserves, and default history. …
Persistent link: https://www.econbiz.de/10005628442
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Determinants of Non-Resident Government Debt Ownership
Afonso, António - 2016
We examine the determinants of non-resident government debt ownership, accounting for domestic and external factors and financial variables during the period 2000Q2-2014Q4, focussing on a small euro area open economy: Portugal. Our results show that better fiscal positions, higher systematic...
Persistent link: https://www.econbiz.de/10013001987
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International transmission of interest rates : the role of international reserves and sovereign debt
Afonso, António; Huart, Florence; Jalles, João Tovar; … - 2021
We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level...
Persistent link: https://www.econbiz.de/10012504452
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International Transmission of Interest Rates : The Role of International Reserves and Sovereign Debt
Afonso, António; Huart, Florence; Jalles, João Tovar; … - 2021
We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level...
Persistent link: https://www.econbiz.de/10013240933
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International transmission of interest rates: The role of international reserves and sovereign debt
Afonso, António; Huart, Florence; Jalles, João Tovar; … - 2021
We analyse the international transmission of interest rates by focusing on the role of the accumulation of international reserves and on the financing of sovereign debt. An increase in foreign exchange reserves is expected to moderate the influence of U.S. interest rates. However, a high level...
Persistent link: https://www.econbiz.de/10012507652
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What 'Hides' Behind Sovereign Debt Ratings?
Afonso, António - 2007
effectiveness indicators, external debt, external reserves, and default history …
Persistent link: https://www.econbiz.de/10012778038
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Sovereign Credit Rating Mismatches
Afonso, António - 2017
, government and financial variables. Our results show that structural balances and the existence of a default in the last ten … of a default in the last five years were found to be the most relevant variables explaining rating mismatches across … agencies. For speculative-grade ratings, we also find that a default in the last two or five years decreases the rating …
Persistent link: https://www.econbiz.de/10012967004
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Do fiscal imbalances deteriorate sovereign debt ratings?
Afonso, António; Gomes, Pedro - ISEG - School of Economics and Management, Department … - 2010
We use sovereign debt rating estimations from Afonso, Gomes and Rother (2009, 2010) for Fitch, Moody’s, and Standard & Poor’s, to assess to what extent the recent fiscal imbalances are being reflected on the sovereign debt notations. We use macro and fiscal data up to 2009, and macro and...
Persistent link: https://www.econbiz.de/10008752832
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States, Banks, and the Financing of the Economy: Fiscal Policy and Sovereign Risk Perspectives
Balling, Morten; Egger, Peter; Gnan, Ernest; Weber, Axel A. - 2013
On 5-6 September 2012 SUERF held its 30th Colloquium “States, Banks, and the Financing of the Economy” at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...
Persistent link: https://www.econbiz.de/10011689958