Narrow search
Showing 1 - 10 of 22,774
Cover Image
A composite indicator of sovereign bond market liquidity in the euro area
Poli, Riccardo; Taboga, Marco - 2021
Persistent link: https://www.econbiz.de/10012887900
Cover Image
Another Look at Momentum Crashes : Momentum in the European Monetary Union
Grobys, Klaus - 2015
This paper studies the profitability of a selection of prominent momentum-based strategies in the European Monetary Union. In contrast to past examples documenting the lack of profitability of unconditional price momentum in the most recent decade, the current research finds that unconditional...
Persistent link: https://www.econbiz.de/10013028257
Cover Image
Do Corruption Perceptions Impact the Pricing and Access of Euro Area Corporations to Bond Markets?
Alonso, Marta; Moreno, Antonio; Mesa Toro, Andres; … - 2022
Public sector corruption affects economic and financial outcomes, such as GDP growth, foreign direct investment, and government funding costs. Less is known about the spillovers from perceptions of public sector corruption on the private sector corporate bond market. In this paper, we assess the...
Persistent link: https://www.econbiz.de/10013403925
Cover Image
Measuring and Analyzing Liquidity and Volatility Dynamics in the Euro-Area Government Bond Market
O'Sullivan, Conall - 2017
This chapter examines the impact the European sovereign debt market crisis had on liquidity and volatility dynamics and … time-varying correlations as well as the intertemporal interactions of liquidity proxies with volatility and returns. Our …, Europe's premier electronic fixed-income trading market, is employed to construct a variety of microstructure liquidity and …
Persistent link: https://www.econbiz.de/10012958553
Cover Image
The cost of new information : ECB macro announcement impacts on bid-ask spreads of European blue chips
Rühl, Tobias R.; Stein, Michael - 2013
Bid-ask spreads using intraday data reveal significant sensitivity to European Central Bank (ECB) macro announcements. Effects are strongest for announcements that comprise unexpected information or a change in interest rates, and spreads rise sharply during the minutes surrounding interest rate...
Persistent link: https://www.econbiz.de/10010211906
Cover Image
Credit Rating Agency Announcements and the Eurozone Sovereign Debt Crisis
Baum, Christopher F. - 2013
also increased its volatility. Downgrading increased the yields of French, Italian and Spanish bonds but lowered the German …
Persistent link: https://www.econbiz.de/10013073134
Cover Image
Financial Engineering Coupled with Regulatory Incentives : Is There a Strong Market Case for Sovereign Bond-Backed Securities (SBBSs) in the Euro-Area? A Brief Analysis of the Euro...
Gortsos, Christos - 2018
-section 2).(4) The notification, transparency and information requirements laid down in Articles 10-12 of the proposed …
Persistent link: https://www.econbiz.de/10012911693
Cover Image
European versus Anglo-Saxon Credit View : Evidence from the Eurozone Sovereign Debt Crisis
Altdörfer, Marc - 2018
We analyze whether different intensities of country ties to Europe affected the assignment of sovereign credit ratings during the Eurozone sovereign crisis. We find that Fitch, the rating agency among the “Big Three” with significantly stronger ties to Europe, was more reluctant than its two...
Persistent link: https://www.econbiz.de/10012935049
Cover Image
Archival Data of Financial Analysts’ Earnings Forecasts in the Euro Zone : Problems With Euro Conversions
Galanti, Sébastien - 2018
In multi-country studies, researchers frequently extract data in a single currency rather than in native currencies. This approach can be misleading for financial analysts' forecasts in the euro zone when researchers are using the IBES database. We suspect that forecasts of earnings before the...
Persistent link: https://www.econbiz.de/10012925798
Cover Image
A Tale of Two Eurozones : Banks' Funding, Sovereign Risk & Unconventional Monetary Policies
Fulli-Lemaire, Nicolas - 2014
The admission by the Greek government on October 18, 2009, of large-scale accounting fraud in its national accounts sparked an unprecedented sovereign debt crisis that rapidly spread to the Euro-Zone's weakest member states. As the crisis increasingly drove a wedge between a seemingly resilient...
Persistent link: https://www.econbiz.de/10013063273