When a conflict breaks out, warring states' bond prices generally experience sharp declines. As military defeat may … prompt the winner to ask for reparations, bonds issued by the losing party are usually even more affected. By contrast …, during the Second Anglo-Boer War (1899-1902), the prices of the bonds issued by the South African Republic never fell below …

hundred bonds from six largest euro area sovereign bond markets. The created variables were used in a cross …-sectional regression model. The results revealed that characteristics of sovereign bonds are indeed highly linked with bond liquidity …The purpose of this paper is to determine the factors that shape the liquidity levels of euro area sovereign bonds. The …