The risk of the sovereign debt default: the Eurozone crisis 2008–2013
Authors: Stamatopoulos, Theodoros 
Terzakis, Dimitrios 
Arvanitis, Stavros 
Issue Date: 15-Aug-2017
Journal: Applied Economics 
Volume: 49
Issue: 38
Keywords: Credit default swaps spreads, Euro debt crisis, Fragility hypothesis of the Eurozone, Self-fulfilling expectations, Sovereign risk to default
Abstract: 
We investigate the relationship of the market pricing of sovereign risk to default, through credit default swap (CDS) spreads for 16 Eurozone countries during 2008q1–2013q3. We take into account, through appropriate non-linear generalized method of moments (GMM) estimations the endogeneity problem. We focus on ‘fiscal space’ (DEBT or FISCAL), and the downgrade announcements (DOWN). We find DEBT (F...
ISSN: 14664283
00036846
DOI: 10.1080/00036846.2016.1267851
URI: https://uniwacris.uniwa.gr/handle/3000/1224
Type: Article
Department: Department of Accounting and Finance 
School: School of Administrative, Economics and Social Sciences 
Affiliation: University of West Attica (UNIWA) 
Appears in Collections:Articles / Άρθρα

CORE Recommender
Show full item record

SCOPUSTM   
Citations

9
checked on Mar 30, 2025

Page view(s)

43
checked on Apr 3, 2025

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.