What Drives Sovereign Risk Premiums?: An Analysis of Recent Evidence from the Euro Area
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper analyses recent large movements in the yield spread for sovereign bonds as between
Germany and other euro area countries. While the general increase in risk aversion that has characterised
the financial crisis is an important factor on its own, it is found that this has also magnified the importance
of fiscal performance, in particular...
