Despite the single currency, yields on government bonds in the Euro Area deviate from German bond yields. These bond … the Euro area at least between 2003 and the take-off of the financial crisis. During the financial crisis default risks or … rather their evaluation increased but lost relative importance compared to liquidity risks. -- Euro Area ; bond spreads …

The main objective of this paper is to study whether the introduction of the euro had an impact on the degree of … evidence suggests that the impact of the introduction of the euro on the degree of integration of European Government bond … risk factors, and more vulnerable to EMU risk factors. However, euro markets are only partially integrated, since they are …