International Evidence on the Determinants of Domestic Sovereign Debt Bank Holdings
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Financial Services Research"
DOI: 10.1007/s10693-019-00326-4
Abstract: In this paper, we examine the determinants of bank holdings of domestic sovereign debt with a panel dataset of 295 banks in 35 countries between 2002 and 2013. The findings indicate that the structure of… read more here.
Keywords: home; domestic sovereign; sovereign debt; bank holdings ... See more keywords
A tale of two risks in the EMU sovereign debt markets
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DOI: 10.1016/j.econlet.2018.08.042
Abstract: We introduce time-varying systematic yield risk (SYR) and systematic liquidity risk (SLR) measures for sovereign bond markets of the major European Monetary Union (EMU) country members. Using daily sovereign bond data, our analysis shows that… read more here.
Keywords: two risks; tale two; risks emu; sovereign debt ... See more keywords
The changing international network of sovereign debt and financial institutions
Sign Up to like & getrecommendations! Published in 2019 at "Journal of International Financial Markets, Institutions and Money"
DOI: 10.1016/j.intfin.2018.12.013
Abstract: We develop a theoretical and empirical framework for the connections between global financial and sovereign CDS markets. The transmission of shocks is shown to affect the systemic default probability of the international network. The network… read more here.
Keywords: sovereign debt; changing international; network sovereign; network ... See more keywords
Sovereign debt spreads in EMU: The time-varying role of fundamentals and market distrust
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DOI: 10.1016/j.jfs.2016.06.004
Abstract: Abstract This paper provides further analysis on the determinants of sovereign debt spreads for peripheral Eurozone countries since the start of EMU, paying special attention to episodes that characterized the global financial crisis aftermath starting… read more here.
Keywords: spreads emu; time varying; debt spreads; time ... See more keywords
The political economy of sovereign defaults
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Monetary Economics"
DOI: 10.1016/j.jmoneco.2018.09.003
Abstract: In times of crises, sovereign debt repayment typically depends on the implementation of fiscal programs. In order to implement these programs, governments usually need to garner some political support. The literature of sovereign defaults has… read more here.
Keywords: sovereign debt; sovereign defaults; default; economy ... See more keywords
SOVEREIGN DEBT IN THE UNITED STATES AND GROWTH EXPECTATIONS
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DOI: 10.1017/s1365100518000330
Abstract: This paper shows empirical evidence and theory consistent with the US government using debt optimally to adjust the federal budget to news about long-term growth. First, using historical forecasts from the Congressional Budget Office (CBO)… read more here.
Keywords: debt united; sovereign debt; united states; states growth ... See more keywords
Bank Stability, Sovereign Debt and Derivatives
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DOI: 10.1057/eej.2015.17
Abstract: Bank Stability, Sovereign Debt and Derivatives is a collection of papers originally presented at the European Association of University Lecturers of Banking and Finance Conference in August 2012. The book makes important contributions to the… read more here.
Keywords: bank stability; debt derivatives; stability sovereign; finance ... See more keywords
Constraints on policymaking in high sovereign debt countries: case studies of Italy and Japan
Sign Up to like & getrecommendations! Published in 2019 at "Review of Social Economy"
DOI: 10.1080/00346764.2019.1602283
Abstract: Abstract While sovereign debt has become a major constraint in the policymaking of most developed countries, this article asks why the choices in fiscal and monetary policy were not uniform among the highest sovereign debt… read more here.
Keywords: italy japan; debt countries; case; sovereign debt ... See more keywords
Vultures, debt and desire: the vulture metaphor and Argentina’s sovereign debt crisis
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Cultural Economy"
DOI: 10.1080/17530350.2019.1613254
Abstract: ABSTRACT This paper explores the development of the vulture metaphor in relation to economic ideas, focusing on its reference to vulture funds in post-2001 Argentina. It traces the metaphorical connection between ‘vultures’ and the extraction… read more here.
Keywords: sovereign debt; vulture; argentina; debt ... See more keywords
Sustainability integration for sovereign debt investors: engaging with countries on the SDGs
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Sustainable Finance and Investment"
DOI: 10.1080/20430795.2021.1929806
Abstract: Investors recently adopted a novel approach to sustainable investing: engaging with countries to advance sustainable development. But engaging with sovereign entities on sustainability challenges, ... read more here.
Keywords: engaging countries; integration sovereign; sovereign debt; debt investors ... See more keywords
Arbitrage in International Sovereign Debt Markets? Evidence from the Inflation‐Protected Securities of Six Countries
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DOI: 10.1111/jmcb.12849
Abstract: We consider an arbitrage strategy that exactly replicates the cash flow of a sovereign nominal bond using inflation swaps and inflation‐linked bonds. The strategy reveals a violation of the law of one price in the… read more here.
Keywords: arbitrage international; arbitrage; sovereign debt; debt markets ... See more keywords