Research projects
Start of main content
The integration of European public debt markets
8th National Competition for Economic Research Grants
International economics
Senior Researcher : Pilar Abad Romero
Research Centre or Institution : Universidad Rey Juan Carlos. Madrid.
Abstract
The objective of the project was to analyse the impact of the introduction of the euro on the degree of integration of European public debt markets, by means of the comparative analysis of the degree of integration of European bond markets. The results of the first article suggest the existence of incomplete integration. The national risk factors, more than the international risk factors, are the main drivers of the evolution of public debt yields. The public debt yields of countries that did not join the monetary union are influenced more by worldwide risk factors. On the other hand, the debt yields of the countries sharing the euro are more influenced by the risk factors of the Eurozone.
The study about the dynamics of bond market integration in the second article suggests (1) that the level of integration is variable over time, falling in all countries with the start of the tensions in the financial market in August, 2007, and (2) that the impact of the financial and economic crisis was much more detrimental to the sovereign bond markets of the European Monetary Union member countries (especially peripheral ones), as a considerable step backwards has been observed in their integration process.
- Activities related
- Projects related
- News related
- Publications related
- Thesis related
-
17
Jan
2023
Coloquio online Los efectos de la reforma laboral del 2021 ONLINE www.fundacionareces.tv/directo, Tuesday, 17 January 2023, 19:00 hours
-
4
Apr
2024
Conference EL SISTEMA PÚBLICO DE PENSIONES: problemas, perspectivas y propuestas Madrid , Jueves, 04 de abril de 2024, 19.00 horas
-
5
Apr
2024
Seminar Modelización del sistema público de pensiones. El modelo MSSP-OLG y algunas estimaciones del impacto de la reciente reforma. Madrid , Viernes, 05 de abril de 2024, 10.30 horas
- Over-indebtedness: interaction between public and private debt 2015 Senior Researcher : Hernán Daniel Seoane Bernadaz Research Centre or Institution : Universidad Carlos III de Madrid.
- Allocation of resources and decision-making within the household: implications on individual wellbeing measured through self-reporting health levels 2015 Senior Researcher : María Teresa Blázquez Cuesta Research Centre or Institution : Universidad Autónoma de Madrid.
- Dependency of the elderly in Europe: consequences of reforms on family care 2015 Senior Researcher : Matthias Kredler Research Centre or Institution : Universidad Carlos III de Madrid.
- Multigenerational Inequality in Spain Senior Researcher : Andrea Pîzzo Research Centre or Institution : Universidad Carlos III de Madrid.
End of main content