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Dockner, Engelbert J. - 2013

Credit risk has become an important factor driving government bond returns. We therefore introduce an asset pricing …

Persistent link: https://www.econbiz.de/10013080921

Akram, Tanweer; Li, Huiqing - 2020

This paper analyzes the nominal yields of UK gilt-edged securities ("gilts") based on a Keynesian perspective, which holds that the short-term interest rate is the primary driver of the long-term interest rate. Quarterly data are used to model gilts' nominal yields. These models bring to light...

Persistent link: https://www.econbiz.de/10012291941

Regional integration and the euro crisis : problems and solutions

Pessoa, Argentino - 2013

Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...

Persistent link: https://www.econbiz.de/10011515832

The driving factors of EMU government bond yields : the role of debt, liquidity and fiscal councils

Pappas, Anastasios; Kostakis, Ioannis - In: International Journal of Financial Studies : open … 8 (2020) 3/53, pp. 1-12

This study presents empirical evidence about the determinants of long-term government bond yields for 19 economies of …

Persistent link: https://www.econbiz.de/10012291891

The role of uncertainty in the euro crisis : a reconsideration of liquidity preference theory

Pusch, Toralf - 2012

An active role of fiscal policy has been rediscovered as a crisis remedy at the beginning of the financial crisis all over Europe. More recently, the Euro Crisis with its mounting governments' funding costs for a number of Southern EU member states and Ireland has called this strategy into...

Persistent link: https://www.econbiz.de/10009575438

Fiscal Positions and Government Bond Yields in OECD Countries

Gruber, Joseph W. - 2011

We examine the impact of fiscal positions, both the level of debt and the fiscal balance, on long-term government bond … a robust and significant effect of fiscal performance on long-term bond yields. Our estimates imply that the marginal … basis points to U.S. bond yields by 2015, with effects on other G7 bond yields generally being smaller …

Persistent link: https://www.econbiz.de/10013129156

Foreign bond investors and market discipline

Rommerskirchen, Charlotte - In: Competition & change : the journal of global business … 24 (2020) 1, pp. 3-25

Persistent link: https://www.econbiz.de/10012201565

The Interest-Rate Sensitivity of the Demand for Sovereign Debt. Evidence from OECD Countries (1995-2011)

Grande, Giuseppe - 2015

Public debt levels in advanced economies have increased dramatically over recent years and they could put considerable upward pressure on market yields. Using a novel identification approach based on financial accounts and focusing on panel regressions for 18 advanced economies over the period...

Persistent link: https://www.econbiz.de/10013027903

Fiscal Sustainability, Default Risk and Euro Area Sovereign Bond Spreads Markets

Borgy, Vladimir - 2011

cross-section of eight euro area government bond yield curves since January 1999. The existence of a common monetary policy …

Persistent link: https://www.econbiz.de/10013118736

Fiscal Sustainability, Default Risk and Euro Area Sovereign Bond Spreads

Borgy, Vladimir - 2014

cross-section of eight euro area government bond yield curves since January 1999. The existence of a common monetary policy …

Persistent link: https://www.econbiz.de/10013067296