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Browsing ADEMU Working Papers Series by Subject "Sovereign risk"
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Browsing ADEMU Working Papers Series by Subject "Sovereign risk"
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(2016-04-27)We investigate if a reduction of government consumption lowers the sovereign default premium. For this purpose we build a new data set for 38 emerging and developed economies. Results vary along three dimensions. First, ...
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(2016-06)This paper considers a scheme of fiscal transfers between member states of a monetary union subject to sovereign spread shocks. The scheme consists of a set of cross-country transfer rules triggered when sovereign spreads ...
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