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This letter investigates the time-varying behavior of long memory in sovereign and corporate bond indices of seven European Union countries from July 1998 to November 2011. We compute the Hurst exponent and detect that the current financial crisis affects more the informational efficiency of the...
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This paper studies the effects of ECB communications about unconventional monetary policy operations on the perceived sovereign risk of Italy over the last five years. More than fifty events concerning non-standard operations are identified and classified with respect to the specific ECB...
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This book critically analyses the crisis of the euro currency from 2008 to the present. It argues that an understanding … euro. It goes on to describe and explain the crises in four countries - Greece, Ireland, Spain and Italy - showing how they … differ and together challenge the euro currency by requiring a varied policy response from Europe. Eurocritical is a guide …
Persistent link: https://www.econbiz.de/10012397163
This book critically analyses the crisis of the euro currency from 2008 to the present. It argues that an understanding … euro. It goes on to describe and explain the crises in four countries--Greece, Ireland, Spain and Italy--showing how they … differ and together challenge the euro currency by requiring a varied policy response from Europe--back cover …
Persistent link: https://www.econbiz.de/10011786760