The EMU sovereign-debt crisis: Fundamentals, expectations and contagion
نویسندگان
چکیده
منابع مشابه
Pure or wake-up-call contagion? Another look at the EMU sovereign debt crisis
We test whether the sharp increase in sovereign spreads of euro-area countries with respect to Germany after the explosion of the Greek crisis was due to deteriorating macroeconomic and fiscal fundamentals or to some form of financial contagion. Our analysis includes indicators of domestic and external imbalances which were mostly disregarded by previous studies, and distinguishes between inves...
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ژورنال
عنوان ژورنال: Journal of International Financial Markets, Institutions and Money
سال: 2012
ISSN: 1042-4431
DOI: 10.1016/j.intfin.2012.03.003