Fiscal and financial determinants of Eurozone sovereign spreads

被引：15
|
作者：
Caggiano, Giovanni [1 ]
Greco, Luciano [1 ]
机构：
[1] Univ Padua, Dept Econ & Management, I-35100 Padua, Italy
来源：
ECONOMICS LETTERS | 2012年 / 117卷 / 03期
关键词：
Fiscal policy; Financial crisis; Refinancing risk; Regime switch; Cross-country panel;
D O I：
10.1016/j.econlet.2012.08.041
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The relationship between fiscal and financial euro area indicators and sovereign yield spreads has changed after the start of the financial crisis. Increased financial volatility has magnified the impact of fiscal conditions as drivers of sovereign risk, has widened the set of macroeconomic determinants, and has caused substantial interactions between fiscal and financial variables. (C) 2012 Elsevier B.V. All rights reserved.
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页码：774 / 776
页数：3
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