Dell’Erba, Salvatore; Hausmann, Ricardo; Panizza, Ugo - 2013
spreads is about one fifth of the corresponding correlation for emerging market economies. In Eurozone countries, however, the … financial crisis amplified the relationship between spreads and debt levels within the Eurozone but had no effect on the … liabilities is larger in the Eurozone than in standalone advanced economies. The paper concludes that debt composition matters and …