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Determinants of non-resident government debt ownership
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Autores
Orientador(es)
Resumo(s)
We examine the determinants of non-resident 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 MFI cross-border holdings of public debt, increase the share of non-resident 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 e Jorge Silva .2016. "Determinants of non-resident government debt ownership". Instituto Superior de Economia e Gestão. DE Working papers nº 3-2016/DE/UECE
Editora
ISEG – Departamento de Economia