THE EU SOVEREIGN DEBT CRISIS AND „EUROPEAN BONDS“ OPTION
نویسندگان
چکیده
منابع مشابه
EUROPEAN BOND ETFs - TRACKING ERRORS AND SOVEREIGN DEBT CRISIS
We examine tracking errors and performance of 31 European bond exchange traded funds (ETFs) during 2007-2010. On average, ETFs outperform their respective benchmarks. Our findings, contradicts recent results from international equity markets that suggest ETFs’ underperformance. The average overperformance during the sample period varies from 10 basis points to 27 basis points. Notable the over-...
متن کاملEffects of European Sovereign Debt (Leverage) Crisis on Bilateral Trade Flows
Outbreak of 2009 European sovereign debt (leverage) crisis has been one of the most crucial economic events of recent years. Accordingly, researchers devoted a great deal of efforts to elucidate origins and consequences of this crisis, particularly focusing on its potential effect on international trade flows. Yet in the literature, there have been rare studies on exploring the effects of sover...
متن کاملLiquidity, Government Bonds and Sovereign Debt Crises
This paper analyses the European financial crisis through the lens of the sovereign bond liquidity. Using novel data we show that government securities are the prime collateral in the European repo market, which is becoming a primary source of funding for the banking system in the Euro area. We document that the repo haircuts on peripheral government bonds sharply increased during the crisis, r...
متن کاملSaving Imbalances and the Euro Area Sovereign Debt Crisis
For several years prior to 2010, countries in the euro area periphery engaged in heavy borrowing from foreign private investors, allowing domestic spending to outpace incomes. Now these countries face debt crises refl ecting a loss of investor confi dence in the sustainability of their fi nances. The result has been an abrupt halt in private foreign lending to these economies. This study explai...
متن کاملeffects of european sovereign debt (leverage) crisis on bilateral trade flows
outbreak of 2009 european sovereign debt (leverage) crisis has been one of the most crucial economic events of recent years. accordingly, researchers devoted a great deal of efforts to elucidate origins and consequences of this crisis, particularly focusing on its potential effect on international trade flows. yet in the literature, there have been rare studies on exploring the effects of sover...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: European Integration Studies
سال: 2012
ISSN: 1822-8402
DOI: 10.5755/j01.eis.0.5.1087