to the collapse in world trade and sharp drop in commodity prices. Things were made worse by emerging markets' exposure …

equity capital to the risk-free interest rate. When equity capital falls, bankruptcy risks rise. Firms become more vulnerable …

to the collapse in world trade and sharp drop in commodity prices. Things were made worse by emerging markets' exposure …

an aggregate risk factor is a main driver of spreads. This factor also plays an important indirect role for risk spreads … through its interaction with the size and structure of national banking sectors. When aggregate risk increases, countries with … that financial markets perceive a larger risk that governments will have to rescue banks, increasing public debt and …

here primarily look at fiscal policy and sovereign risk perspectives, papers on the monetary policy and regulatory …

the level of policy rates at the time of the news release, and risk conditions: Government bond yields increase in … response to good news, but less so when risk is elevated. Risk conditions matter since they can capture the effects of … objectives of central banks, and the effect of news announcements on the risk premium. …

This paper investigates the power of macroeconomic factors to explain euro area bond risk premia using (i) a large … factors, in particular economic activity and sentiment indicators, explain 40% of the variability of risk premia before the …

such as interest rates, (expected) inflation, output growth and dividend payouts. We also view risk aversion, and …