To ensure the safety and soundness of the global financial system as well as individual
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …

Purpose This paper aims to understand the international practices of tax planning.
International companies choose their capital structure according to differences in …

This paper investigates contagion between bank and sovereign default risk in Europe over
the period 2007–2012. We define contagion as excess correlation, ie correlation between …

We offer a detailed empirical investigation of the EMU sovereign-debt crisis. We find a
marked shift in market pricing behaviour from a 'convergence-trade'model before August …

This paper explains the determinants of widening sovereign bond yield spreads vis-à-vis
Germany in selected euro area countries during the period end-July 2007 to end-March …

This paper provides a study of bond yield differentials among EU government bonds on the
basis of a unique data set of issue spreads in the US and DM (Euro) bond market between …

We study the determinants of sovereign bond yield spreads across 10 EMU countries
between Q1/1999 and Q1/2010. We apply a semiparametric time-varying coefficient model …

This article looks at US $ and DM/Euro-denominated government bond spreads relative to
US and German benchmark bonds before and after the start of the current financial crisis …

We examine whether the extra-financial performance of countries on environmental, social
and governance (ESG) factors matters for sovereign bonds markets. Using a panel …

In autumn 2008, euro area governments announced comprehensive rescue packages for
banks. This induced decreasing bank and increasing government credit spreads. Moreover …