Fiscal and financial determinants of Eurozone sovereign spreads

详细信息    查看全文

• 作者：Giovanni Caggiano ; Luciano Greco ; ^{luciano.greco@unipd.it}
• 关键词：E43 ; E62 ; F32 ; H60
• 刊名：Economics Letters
• 出版年：2012
• 出版时间：December, 2012
• 年：2012
• 卷：117
• 期：3
• 页码：774-776
• 全文大小：182 K

文摘

The relationship between fiscal and financial euro area indicators and sovereign yield spreads has changed after the start of the financial crisis. Increased financial volatility has magnified the impact of fiscal conditions as drivers of sovereign risk, has widened the set of macroeconomic determinants, and has caused substantial interactions between fiscal and financial variables.