Financial linkages in European equity and debt markets

Detalhes bibliográficos
Autor(a) principal: Klare, Nicolas
Data de Publicação: 2017
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/26212
Resumo: This paper studies financial market linkages in Europe throughout the lifetime of the Euro. In considering the national equity and sovereign debt markets of the seven biggest economies in Europe, I find important developments in cross-country as well as cross-asset linkages. There is evidence for a revival of country-specific risk, causing a differentiation between riskier “peripheral” Euro area countries (Italy, Spain) and presumably safer “core” countries (Germany, the Netherlands). As a consequence, a “flight to safety” phenomenon can be observed. Interestingly, there is evidence that these “flight to safety” capital flows partially revert themselves in periods of relative stability in European financial markets.
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spelling Financial linkages in European equity and debt marketsDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper studies financial market linkages in Europe throughout the lifetime of the Euro. In considering the national equity and sovereign debt markets of the seven biggest economies in Europe, I find important developments in cross-country as well as cross-asset linkages. There is evidence for a revival of country-specific risk, causing a differentiation between riskier “peripheral” Euro area countries (Italy, Spain) and presumably safer “core” countries (Germany, the Netherlands). As a consequence, a “flight to safety” phenomenon can be observed. Interestingly, there is evidence that these “flight to safety” capital flows partially revert themselves in periods of relative stability in European financial markets.Ferreira, MiguelRUNKlare, Nicolas2017-12-05T14:12:06Z2017-01-202017-01-20T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/26212TID:201716909enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:13:48Zoai:run.unl.pt:10362/26212Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:28:27.865811Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Financial linkages in European equity and debt markets
title Financial linkages in European equity and debt markets
spellingShingle Financial linkages in European equity and debt markets
Klare, Nicolas
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Financial linkages in European equity and debt markets
title_full Financial linkages in European equity and debt markets
title_fullStr Financial linkages in European equity and debt markets
title_full_unstemmed Financial linkages in European equity and debt markets
title_sort Financial linkages in European equity and debt markets
author Klare, Nicolas
author_facet Klare, Nicolas
author_role author
dc.contributor.none.fl_str_mv Ferreira, Miguel
RUN
dc.contributor.author.fl_str_mv Klare, Nicolas
dc.subject.por.fl_str_mv Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This paper studies financial market linkages in Europe throughout the lifetime of the Euro. In considering the national equity and sovereign debt markets of the seven biggest economies in Europe, I find important developments in cross-country as well as cross-asset linkages. There is evidence for a revival of country-specific risk, causing a differentiation between riskier “peripheral” Euro area countries (Italy, Spain) and presumably safer “core” countries (Germany, the Netherlands). As a consequence, a “flight to safety” phenomenon can be observed. Interestingly, there is evidence that these “flight to safety” capital flows partially revert themselves in periods of relative stability in European financial markets.
publishDate 2017
dc.date.none.fl_str_mv 2017-12-05T14:12:06Z
2017-01-20
2017-01-20T00:00:00Z
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format masterThesis
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/26212
TID:201716909
url http://hdl.handle.net/10362/26212
identifier_str_mv TID:201716909
dc.language.iso.fl_str_mv eng
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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