This paper studies the macroeconomic impact of financial fragmentation in the euro area by
analysing the role of credit supply shocks during the recent pre-crisis, bust, and post-crisis …

The main objective of this study is twofold. First, is to investigate the significant mean
difference between conventional bonds and sukuk'yield spreads. Second, is to investigate …

Global Financial Systems Chapter 17 The ongoing crisis 2007-2009 phase Page 1 Global
Financial Systems © 2021 Jon Danielsson, page 1 of 49 Buildup Hidden risk Banking changed …

We examine the relationship between credit ratings and bond yield spreads of peripheral
countries in the euro area (Greece, Ireland, Italy, Portugal and Spain) for the period 1995 …

This paper documents how sovereign debt ratings shape the country composition of euro
area cross-border holdings of euro area sovereign debt, using granular sectoral security …

This paper uses consensus forecasts to address empirical puzzles in international macro
using the Cointegrated VAR model. The data, consisting of three-month Libor rates, their …

In recent years, survey-based measures of expectations and disagreement have received
increasing attention in economic research. Many forecast surveys ask their participants for …

This paper examines the impact of Quantitative Easing (QE) in the Eurosystem on
government bond yields and to what extent QE is causing government bond prices to …

Policies designed to protect and subsidize agriculture have been a key part of the EU
throughout its history, primarily through its Common Agricultural Policy (CAP). And for much …

We examine the effect of Quantitative Easing (QE) by the ECB on the sovereign bond risks of
Italy, Ireland, Spain and Portugal. First, outcomes of panel regression models suggest that …