Euro Area
Towards a European Common Bond? – Empirical Evidence from the Sovereign Debt Markets
Bibliographic Data
| ID | 10070090 |
|---|---|
| Authors | Νικόλαος Στούπος (0000-0002-9914-0761, Department of International and European Studies University of Macedonia Thessaloniki, corresponding author), Apostolos Kiohos (Department of International and European Studies University of Macedonia Thessaloniki) |
| Year | 2021 |
| Volume | 60 |
| Issue | 4 |
| Pages | 1019-1046 |
| Publication date | 2021-12-22 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jcms.13297 |
| OpenAlex | W4200588156 |
| Language | EN |
| Citations received | 1 |
| References cited | 55 |
Despite the debt crisis of the period 2010–15, the Eurozone did not manage to adopt an efficient policy for reinforcing the creation of a common bond among the members‐states of the union. Under these circumstances, the research aim of this manuscript is to further explore the integration level of bond markets in the EMU after the end of the 2010 debt crisis and the potential creation of a Euro Area common bond. The empirical evidence we gathered is suggestive of a significant integration degree of bond markets in the Euro Area, whereas plenty of asymmetries exist among the member‐states notwithstanding. The dominant role of France, the Netherlands, Germany, Italy, Ireland and Spain on the EA bond markets were unveiled. As a matter of fact, we propose that the EMU be conditionally prepared to issue a common Eurozone bond which will safeguard the financial stability in the monetary union
Bond · Bond market · Business · Debt · Debt crisis · Economic and monetary union · Economics · Empirical evidence · European debt crisis · European integration · European union · Financial crisis · Financial market · Financial system · International economics · Keynesian economics · Member states · Monetary economics · Political science · Sovereign debt · Sovereignty · European Monetary and Fiscal Policies · Finance · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
Likelihood-Based Inference in Cointegrated Vector Autoregressive Models
Answering the Skeptics
Efficient Tests of Nonstationary Hypotheses
Exponential GARCH Modeling With Realized Measures of Volatility
Financial Markets, Intermediaries, and Intertemporal Smoothing
Making the Eurozone Sustainable by Financial Engineering or Political Union
The Euro and Financial Market Integration
Monetary Integration of the New EU Member States
Different Efforts in E uropean Economic Integration
Banking on Bonds
European Monetary Integration with Benefit of Hindsight
| Citations per year | 0.25 |
|---|---|
| Citation span | 2022 - 2022 (1) |
| Highly cited | No |