Article ID Journal Published Year Pages File Type
7366018 Journal of International Money and Finance 2013 19 Pages PDF
Abstract
► We use the Eurointelligence newsflash to construct news variables. ► More news raises interest spreads of GIIPS countries since September 2009. ► There is both a domestic and a foreign effect. ► The size of the cross-border effect is related to cross-border bank holdings. ► The upward pressure on interest spreads is driven by bad news.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Spread the news: The impact of news on the European sovereign bond markets during the crisis
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