In this paper we extract the factors that shape the yield curve and we relate them with macroeconomy. We examine whether the term structure can predict future economic activity by applying a range of econometric approaches both in pre- and post- crisis periods. Furthermore, we assess the...

A recent line of research deals with the formulation, the justification and the modelling of a crisis triggered by involved economic agents. Modelling financial crises within an asymmetric information environment is argued to be a difficult task since the measurement of adverse selection and/or...

Under the context of EMU debt and financial crisis we assess the impact of EMU's legislative initiative on Tobin tax for financial regulation. Specifically we focus on its impact on bond and equity volatility for a representative basket of 7 countries: Germany, France (core EMU) and Greece,...