Afonso, AntónioSilva, Jorge2022-09-192022-09-192017Afonso, António and Jorge Silva. (2017). "Determinants of nonresident government debt ownership". Applied Economics Letters, Vol. 24, No. 2: pp. 107-112.1466-4291 (Online)http://hdl.handle.net/10400.5/25527We 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.engSovereign DebtCentral BankFinancial MarketsMonetary and Financial InstitutionsPortugaljournal article10.1080/13504851.2016.1167818