Vasilev, Aleksandar (2015) Analysis of Sovereign Yield Spreads Behavior: The French Bonds Case. Journal of Knowledge Management, Economics and Information Technology, 5 (3). pp. 1-17. ISSN 2069-5934
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| Item Type: | Article |
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| Item Status: | Live Archive |
Abstract
The introduction of the Euro has led to price level stability and fostered growth within the European Union. Consequently, since its launch as a store of value and unit of account, there has been a clear convergence between the yield of France’s sovereign debt and German benchmark. This paper tries to estimate the effect of certain macroeconomic fundamentals on the yield spread of French 10-year bonds, relative to the German Bund of the same maturity for the period January 1999-March 2003. It reaches the conclusion that staying in line with Maastricht criteria decreases the risk premium of external debt.
| Keywords: | French bonds, yield spreads, market fundamentals |
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| Subjects: | L Social studies > L111 Financial Economics L Social studies > L140 Econometrics L Social studies > L130 Macroeconomics |
| Divisions: | Lincoln International Business School |
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| ID Code: | 35512 |
| Deposited On: | 08 Apr 2019 12:41 |
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