Determinants of sub-sovereign bond yield spreads – The role of fiscal fundamentals and federal bailout expectations
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DOI: 10.1016/j.jimonfin.2017.08.003
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- Beck, Roland & Ferrucci, Gianluigi & Hantzsche, Arno & Rau-Goehring, Matthias, 2016. "Determinants of sub-sovereign bond yield spreads: the role of fiscal fundamentals and federal bailout expectations," Working Paper Series 1987, European Central Bank.
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More about this item
Keywords
Fiscal federalism; Sub-national governments; Sovereign bond spreads; Government debt;All these keywords.
JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- H7 - Public Economics - - State and Local Government; Intergovernmental Relations
Statistics
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