The EMU sovereign-debt crisis: Fundamentals, expectations and contagion

By M. Arghyrou, Alexandros Kontonikas. 2012

516 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/4fa47d30c80583da97f40f81f7f1073d4ecc5255

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Citations in the corpus

Mispricing of Sovereign Risk and Macroeconomic Stability in the Eurozone (2012, background): “In the existing empirical literature there has been a tendency to add a lot of other variables on the right-hand side of the two equations (see, for example, Attinasi et al., 2009; Arghyrou and Kontonikas, 2010; Beirne and Fratzscher, 2012).”
The dynamics of sovereign debt crises and bailouts (2016, background): “, for all χ((1)) ≤ χ((2)), if z((2)) = (y, χ((2)), ζ, ψ) ∈ D(B), then so is z((1)) = (y, χ((1)), ζ, ψ) ∈ D(B).”
Comparative Institutional Advantage in the European Sovereign Debt Crisis (2014, background): “Moreover, as Baskaran and Hessami (2012) and Arghyrou and Kontonikas (2010) argue, relaxation of the SGP’s fiscal rules by France and Germany led to soft budget constraints after 2004, and further enabled the high deficit nations to succumb to ‘binge’ borrowing, as markets discounted for the best ca”
The Determinants of Sovereign Bond Yield Spreads in the EMU (2012, methodology): “…from the euro (Arghyrou and Tsoukalas, 2011), leading to a marked shift in market pricing behaviour from a ‘convergence-trade’ model before August 2007 to one driven by macro-fundamentals and international risk thereafter (Arghyrou and Kontonikas, 2012); increased attention to fiscal developments.”
Credit Default Swaps: A Survey (2014, unknown): “This result regarding counterparty risk is somewhat at odds with Arora et al. (2012), who show for the corporate market that counterparty risk, while priced, is economically insignificant.”
Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone. CEPS Working Document No. 361, January 2012 (2012, unknown): “(2009), Arghyrou and Kontonikas(2010), Gerlach, et al.(2010), Schuknecht, et al.(2010), Caceres, et al.(2010), Caporale, and Girardi (2011), Gibson, et al.”
Self-Fulfilling Crises in the Eurozone: An Empirical Test (2012, unknown): “(2009), Arghyrou and Kontonikas (2010), Gerlach et al. (2010), Schuknecht et al. (2010), Caceres et al. (2010), Caporale and Girardi (2011), Gibson et al. (2011), Aizenman and Hutchinson (2012), Beirne and Fratzscher (2012).”