Sovereign spreads in the eurozone : which prospects for a Eurobond?

By Carlo A. Favero, A. Missale. 2012

186 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/2d1312ea70914c7f563f3e52780991cf3abb8a35

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Citations in the corpus

Spread the news: The impact of news on the European sovereign bond markets during the crisis (2013, background): “[insert Table 3 here] An objection to our approach might be that we pool the data forcing the coefficients on the independent variables to be identical across countries (e.g. see Favero et al., 2010, and Favero and Missale, 2012).”
How connected is the global sovereign credit risk network? (2020, background): “Favero and Missale (2012) find that fundamental fiscal measures become more important as global risk aversion increases.”
Modelling and forecasting government bond spreads in the euro area: A GVAR model (2013, background): “…as a fiscal discipline device is considerably weakened, and some form of ECB intervention or the issuance of Eurobonds can be economically justified (see, for a discussion, Favero and Missale(2012)). fiscal fundamentals and growth, and a global world factor, driven by markets’ appetite for risk.”
Financial Globalisation and the Crisis (2012, unknown): “…the crisis indicates that there is considerable contagion among sovereign spreads inside the currency union, with a jump in the spread for one vulnerable country quickly spreading to other member countries with similar fiscal characteristics (see Favero and Missale 2012, amongst many others).”
Feeling the Heat: Climate Risks and the Cost of Sovereign Borrowing (2021, background): “Favero and Missale (2012) make the point that when global risk aversion is high, this can increase the role played by fiscal fundamentals in driving the price of sovereign risk.”
The European Sovereign Debt Crisis (2012, background): “A second step is the introduction of common areawide “eurobonds,” with the goal of avoiding the disruptive impact of destabilizing speculative attacks on national sovereign debt markets inside the euro area (Favero and Missale 2012).”
Measuring Bilateral Spillover and Testing Contagion on Sovereign Bond Markets in Europe (2014, background): “This finding is in line with what other studies find: a major part of the bond spreads is determined not by domestic factors but by international bond markets (Codogno et al., 2003; Longstaff et al., 2011; Favero and Missale, 2012).”
The Pricing of Sovereign Risk and Contagion During the European Sovereign Debt Crisis (2013, background): “For example, Favero and Missale (2012) make the point that fiscal fundamentals have a greater role to play in driving the price of sovereign risk in periods of high global risk aversion.”
Sovereign defaults and banking crises (2018, background): “Favero and Missale, 2012 ), or the creation of European Safe Bonds (see Brunnermeier et al., 2011 ), among others.”