Results 21 to 30 of about 15,046 (302)
How does sovereign bond volatility interact between African countries? [PDF]
Seonmul yeongu, 2022 The importance of sovereign bond as a source of financing revenue deficit, benchmarking for corporate bonds and debt management in Africa, calls for continual monitoring of its volatility dynamics.
Kalu O. Emenike
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U.S. National Debt- A Risk Management Approach [PDF]
Westcliff International Journal of Applied Research, 2019 The U.S. national debt reached the astounding figure of 22 trillion dollars in 2018 (Gomes & Sinclair, 2019). It splashed onto the headlines of newspapers and became a topic of interest for Nobel laureate economists, dividing opinions on the potential ...
Denise Ginzo, Simin Hojat
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Sovereign Risk and Secondary Markets [PDF]
American Economic Review, 2006 Conventional wisdom says that, in the absence of default penalties, sovereign risk destroys all foreign asset trade. We show that this conventional wisdom rests on one implicit assumption: that assets cannot be retraded in secondary markets. Without this assumption, foreign asset trade is possible even in the absence of default penalties.
Fernando Broner +2 more
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Finance and Society, 2023 European financial regulation consistently gives governments privileged access to private investors, reflecting the anchor role assigned to sovereign securities as safe and liquid assets for the financial system.
Ad van Riet
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Frontiers in Applied Mathematics and Statistics, 2016 We propose a multi-factor Gaussian model to analyze the dynamicsof sovereign bond yields, as well as sovereign and banks CDS quotes. This paperhas three objectives (all of them with relevant implications from a supervisoryperspective): (1) disentangling ...
Michele Leonardo Bianchi, Marco Rocco
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The Greek crisis: Causes and implications [PDF]
Panoeconomicus, 2010 This paper presents and critically discusses the origins and causes of the Greek fiscal crisis and its implications for the euro currency as well as the SEE economies.
Vlamis Prodromos, Kouretas Georgios P.
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Taking the moral hazard out of banking: the next fundamental step in financial reform
PSL Quarterly Review, 2011 The path between financial meltdown and moral hazard in banking is, at best, narrow and impervious. During the financial crisis, public support became the standard responseto save the banks in difficulty, heightening and broadening the moral hazard issue:
Rainer Masera
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The Country Ceiling and Sovereign Rating Relationship Exemplified by the Case of Poland
Acta Universitatis Lodziensis. Folia Oeconomica, 2021 The aim of the article is to answer the question whether the ratings of entities registered in Poland are limited by the sovereign rating of the country.
Paweł Niedziółka
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Sovereign Risk and Bank Risk-Taking [PDF]
SSRN Electronic Journal, 2016 In European countries recently hit by a sovereign debt crisis, banks have sharply raised their holdings of domestic sovereign debt, reduced credit to forms, and faced rising financing costs, raising concerns about economic and financial resilience. This paper develops a general equilibrium model with optimizing banks and depositors to account for these
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Banking and Sovereign Risk in the Euro Area [PDF]
SSRN Electronic Journal, 2010 We study the determinants of sovereign bond spreads in the euro area since the introduction of the euro. We show that an aggregate risk factor is a main driver of spreads. This factor also plays an important indirect role for risk spreads through its interaction with the size and structure of national banking sectors.
Gerlach, Stefan +2 more
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