| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963184 | Journal of International Financial Markets, Institutions and Money | 2012 | 27 Pages |
Abstract
⺠We study the determinants of government credit spreads in the Euro-area, from January 2000 to December 2010. ⺠The analysis is divided into two sub-periods delimited by the global financial crisis that started in August 2007. ⺠Before August 2007, government credit spreads were mainly explained by market related factors. ⺠After the onset of the financial crisis, the market behavior shifted to a different regime strongly determined by the international volatility and country-specific macroeconomic fundamentals.
Related Topics
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Authors
LuÃs Oliveira, José Dias Curto, João Pedro Nunes,