Determinants of non-resident government debt ownership
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Outros Autores: | |
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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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 |
institution |
RCAAP |
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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1799131053591363584 |