Determinants of non-resident government debt ownership

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2016
Outros Autores: Silva, Jorge
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/10712
Resumo: 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.
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spelling Determinants of non-resident government debt ownershipSovereign DebtCentral BankFinancial MarketsMonetary and Financial InstitutionsPortugalWe 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.ISEG – Departamento de EconomiaRepositório da Universidade de LisboaAfonso, AntónioSilva, Jorge2016-01-19T15:57:29Z20162016-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/10712engAfonso, 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/UECE2183-1815info: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:RCAAP2023-03-06T14:41:00Zoai:www.repository.utl.pt:10400.5/10712Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:57:07.851973Repositório 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 Determinants of non-resident government debt ownership
title Determinants of non-resident government debt ownership
spellingShingle Determinants of non-resident government debt ownership
Afonso, António
Sovereign Debt
Central Bank
Financial Markets
Monetary and Financial Institutions
Portugal
title_short Determinants of non-resident government debt ownership
title_full Determinants of non-resident government debt ownership
title_fullStr Determinants of non-resident government debt ownership
title_full_unstemmed Determinants of non-resident government debt ownership
title_sort Determinants of non-resident government debt ownership
author Afonso, António
author_facet Afonso, António
Silva, Jorge
author_role author
author2 Silva, Jorge
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Silva, Jorge
dc.subject.por.fl_str_mv Sovereign Debt
Central Bank
Financial Markets
Monetary and Financial Institutions
Portugal
topic Sovereign Debt
Central Bank
Financial Markets
Monetary and Financial Institutions
Portugal
description 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.
publishDate 2016
dc.date.none.fl_str_mv 2016-01-19T15:57:29Z
2016
2016-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/10712
url http://hdl.handle.net/10400.5/10712
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 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
2183-1815
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.publisher.none.fl_str_mv ISEG – Departamento de Economia
publisher.none.fl_str_mv ISEG – Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection 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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