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Fool the markets? : creative accounting, fiscal transparency and sovereign risk premia

Bernoth, Kerstin; Wolff, Guntram B. - In: Scottish journal of political economy : the journal of … 55 (2008) 4, pp. 465-487

Persistent link: https://www.econbiz.de/10003742961

Ein gemeinsames europäisches Vorgehen gegenüber Staatsfonds : Mitteilung der Kommission an das Europäische Parlament, den Rat, den Europäischen Wirtschafts- und Sozialausschuss und...

2008

Persistent link: https://www.econbiz.de/10003763304

Flight-to-quality or flight-to-liquidity? : Evidence from the euro-area bond market

Beber, Alessandro; Brandt, Michael W.; Kavajecz, Kenneth A. - 2006

Persistent link: https://www.econbiz.de/10003355179

Fool the markets? : Creative accounting, fiscal transparency and sovereign risk premia

Bernoth, Kerstin (contributor); … - 2006

We investigate the effects of official fiscal data and creative accounting signals on interest rate spreads between bond yields in the European Union. Our model predicts that risk premia contained in government bond spreads should increase in both, the official fiscal position and the expected...