The euro sovereign debt crisis, determinants of default probabilities and implied ratings in the CDS market: an econometric analysis
In this paper, we investigate what has been leading investors to ask for higher yields on sovereign debt from certain Euro countries. We dismiss Granger Causality as a basis to define speculation. Instead, we assume that speculative behavior would only exist if market assessments were unrelated to e...
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| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2014
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| Texto completo: | http://hdl.handle.net/10400.14/14501 |
| País: | Portugal |
| Oai: | oai:repositorio.ucp.pt:10400.14/14501 |