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Fragmentation and heterogeneity in the euro-area corporate bond market : back to normal?
Zaghini, Andrea - 2016
We assess the degree of market fragmentation in the euro-area corporate bond market by disentangling the determinants of the risk premium paid on bonds at origination. By looking at over 2,400 bonds we are able to isolate the country-specific effects which are a suitable indicator of the market...
Persistent link: https://www.econbiz.de/10011431131
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Banking, business cycles and corporate bond markets in the context of financial stability and European integration
Gruber, Alexander - 2016
Ansteckungseffekte zwischen Banken und Staaten, die Spannungen in der Eurozone aufgrund von divergierenden Entwicklungen der … und adressiert die internationale Dimension des Themas in der fiskalisch fragmentierten Eurozone. Die Rolle des … Ungleichgewichte in der Realwirtschaft aufgrund von undisziplinierter und unkoordinierter Lohnsetzung innerhalb der Eurozone untersucht …
Persistent link: https://www.econbiz.de/10011478440
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Fragmentation and heterogeneity in the euro-area corporate bond market : back to normal?
Zaghini, Andrea - In: Journal of financial stability 23 (2016), pp. 51-61
Persistent link: https://www.econbiz.de/10011703811
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Common factors in the performance of European corporate bonds : evidence before and after the financial crisis
Aussenegg, Wolfgang; Goetz, Lukas; Jelic, Ranko - In: European financial management : the journal of the … 21 (2015) 2, pp. 265-308
Persistent link: https://www.econbiz.de/10010516673
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Underpricing in the euro area corporate bond market : new evidence from post-crisis regulation and quantitative easing
Rischen, Tobias; Theissen, Erik - 2018
We conduct the most extensive study of underpricing in the euro area bond market so far and find strong evidence of underpricing. In cross-sectional regressions we find patterns that are consistent with bookbuilding-based theories of underpricing and inconsistent with liquidity-based...
Persistent link: https://www.econbiz.de/10011879015
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Credit-Valuation in the Sovereing CDS and Bonds Markets : Evidence from the Euro Area Crisis
Arce, Oscar - 2019
We analyse the extent to which prices in the sovereign credit default swap (CDS) and bond markets reflect the same information on credit risk in the context of the European Monetary Union. The empirical analysis is based on the theoretical equivalence relation that should hold between the CDS...
Persistent link: https://www.econbiz.de/10012868898
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Sovereign and corporate credit risk : evidence from the Eurozone
Bedendo, Mascia; Colla, Paolo - In: The journal of corporate finance : contracting, … 33 (2015), pp. 34-52
Persistent link: https://www.econbiz.de/10011408394
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The rise of bond financing in Europe
Darmouni, Olivier; Papoutsi, Melina - 2022
The rise of bond financing in EuropeUsing large panel data of public and private firms, this paper dissects the growth of bond financing in the Euro Area through the lens of the cross-section of issuers. In recent years, the composition of bond issuers has shifted, with the entry of many smaller...
Persistent link: https://www.econbiz.de/10013198743
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Money, credit, monetary policy, and the business cycle in the euro area : what has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...
Persistent link: https://www.econbiz.de/10012000041
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Money, credit, monetary policy and the business cycle in the euro area : what has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...
Persistent link: https://www.econbiz.de/10011959310