The Euro area sovereign debt crisis: safe haven, credit rating agencies and the spread of the fever from Greece, Ireland and Portugal

Research, Preprint OPEN
De Santis, Roberto A. (2012)
  • Publisher: Frankfurt a. M.: European Central Bank (ECB)
  • Subject: credit ratings, sovereign spreads, Spillovers | F36 | G15 | Sovereign Spreads | spillovers | credit ratings
    • ddc: ddc:330

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 ... View more
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