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The German sub-national government bond market : evolution, yields and liquidity

Schulz, Alexander (contributor); … - 2008

The paper presents a comprehensive data set of all bonds issued by the sixteen German states (La͏̈nder) since 1992. It thus provides a complete picture of a capital market comparable in size to funds raised in the German fixed income market for corporations. The quantitative analysis reveals...

Persistent link: https://www.econbiz.de/10003650055

Fool the markets? : creative accounting, fiscal transparency and sovereign risk premia

Bernoth, Kerstin; Wolff, Guntram B. - In: Scottish journal of political economy : the journal of … 55 (2008) 4, pp. 465-487

Persistent link: https://www.econbiz.de/10003742961

Fool the markets? : Creative accounting, fiscal transparency and sovereign risk premia

Bernoth, Kerstin (contributor); … - 2006

bond yields in the European Union. Our model predicts that risk premia contained in government bond spreads should increase …

Persistent link: https://www.econbiz.de/10003339184

Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia

Bernoth, Kerstin; Wolff, Guntram B. - 2006

Persistent link: https://www.econbiz.de/10003335233

The German sub-national government bond market : structure, determinants of yield spreads and Berlin's forgone bail-out

Schulz, Alexander; Wolff, Guntram B. - In: Jahrbücher für Nationalökonomie und Statistik 229 (2009) 1, pp. 61-83

Persistent link: https://www.econbiz.de/10003818932

Fool the markets? : Creative accounting, fiscal transparency and sovereign risk premia

Bernoth, Kerstin (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003364216

Fool the Markets? Creative Accounting, Fiscal Transparency and Sovereign Risk Premia

Bernoth, Kerstin - 2016

Persistent link: https://www.econbiz.de/10012991181

The German Sub-National Government Bond Market : Evolution, Yields and Liquidity

Schulz, Alexander - 2016

The paper presents a comprehensive data set of all bonds issued by the sixteen German states (L¨ander) since 1992. It thus provides a complete picture of a capital market comparable in size to funds raised in the German fixed income market for corporations. The quantitative analysis reveals...

Persistent link: https://www.econbiz.de/10012991246

Moral hazard and bail-out in fiscal federations : evidence for the German Länder

Heppke-Falk, Kirsten H.; Wolff, Guntram B. - In: Kyklos : international review for social sciences 61 (2008) 3, pp. 425-446

Persistent link: https://www.econbiz.de/10003738896

Moral hazard and bail-out in fiscal federations : evidence for the German Länder 7 Kirsten H. Heppke-Falk; Guntram B. Wolff

Heppke-Falk, Kirsten H. (contributor); … - 2007

(Länder) to a bail-out, the interest payments-to-revenue ratio. While risk premia measured in the German sub-national bond … markets’ bail-out expectations. In sum, our results indicate significant investor moral hazard in the sub-national German bond …

Persistent link: https://www.econbiz.de/10003453453