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Determinants of nonresident government debt ownership
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Autores
Orientador(es)
Resumo(s)
We examine the determinants of nonresident government debt ownership, accounting for
domestic and external factors and financial variables during the period 2000Q2–2014Q4, focussing
on a small euro area open economy: Portugal. Our results show that better fiscal positions,
higher systematic stress in Europe and higher shares of monetary and financial institutions (MFI)
cross-border holdings of public debt, increase the share of nonresident held debt, and rising
sovereign yields decrease that ratio.
Descrição
Palavras-chave
Sovereign Debt Central Bank Financial Markets Monetary and Financial Institutions Portugal
Contexto Educativo
Citação
Afonso, António and Jorge Silva. (2017). "Determinants of nonresident government debt ownership". Applied Economics Letters, Vol. 24, No. 2: pp. 107-112.
Editora
Taylor & Francis Group