The Euro area sovereign debt crisis: safe haven, credit rating agencies and the spread of the fever from Greece, Ireland and Portugal
De Santis, Roberto A.
- Publisher: Frankfurt a. M.: European Central Bank (ECB)
credit ratings, sovereign spreads, Spillovers | F36 | G15 | Sovereign Spreads | spillovers | credit ratings
Since the intensification of the crisis in September 2008, all euro area long-term government bond yields relative to the German Bund have been characterised by highly persistent processes with upward trends for countries with weaker fiscal fundamentals. Looking at the ...