Financial linkages in European equity and debt markets
Autor(a) principal: | |
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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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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 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
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 |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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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1799137910392356864 |