The evolution of foreign exchange market based on European sovereign debt crisis
نویسندگان
چکیده
منابع مشابه
Default Probabilities on European Sovereign Debt: Market-based Estimates
This paper attempts to extract real-time market-based estimates of the default probabilities on Government debt for a selection of European countries, using a technique applied by Bierman and Hass (1979) and Fons (1987) in the corporate debt market. The technique involves solving the debt pricing equation for the martingale probabilities which under the no-arbitrage assumption equate the price ...
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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...
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ژورنال
عنوان ژورنال: International Journal of Basic and Applied Sciences
سال: 2013
ISSN: 2227-5053
DOI: 10.14419/ijbas.v2i4.1112