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Title:Liquidity, government bonds and sovereign debt crises Author(s):MOLTENI, Francesco
Date:2019Type:Working PaperSeries/Number:EUI MWP; 2019/02Abstract:This paper analyzes the Eurozone financial crisis through the lens of sovereign bond liquidity. Using novel data, I show that following the emergence of sovereign risk, repo haircuts on peripheral government bonds sharply ...
Date:2019Type:Working PaperSeries/Number:EUI MWP; 2019/02Abstract:This paper analyzes the Eurozone financial crisis through the lens of sovereign bond liquidity. Using novel data, I show that following the emergence of sovereign risk, repo haircuts on peripheral government bonds sharply ...
Title:Sources of borrowing and fiscal multipliers Author(s):PRIFTIS, Romanos; ZIMIC, SreckoDate:2017Type:Working PaperSeries/Number:EUI ECO; 2017/01Abstract:We find that debt-financed government spending multipliers vary considerably depending on the location of the debt holder. In a sample of 59 countries we find that government spending multipliers are larger when government ...
; ZIMIC, SreckoDate:2017Type:Working PaperSeries/Number:EUI ECO; 2017/01Abstract:We find that debt-financed government spending multipliers vary considerably depending on the location of the debt holder. In a sample of 59 countries we find that government spending multipliers are larger when government ...