FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2132451814> ?p ?o ?g. }

• W2132451814 abstract "When the first phase of the crisis focused primarily on the interbank market volatility, the second phase spread on the instability of public finance. Although the overall stance of public finances of the new members is better than the old member countries, the differences within the new group are significant (from the former Estonia to the laggard Hungary). Sovereign CDS spreads have become major variables focused on risks and expectations about the fiscal situation of different countries. In the paper we investigate, first, whether there is a link in the new member states (NMS) between the expectations about the condition of their public finances and the dynamics of money markets, including integration of national money markets with the euro area. In others word we contribute to clarify the relationship between fiscal and liquidity risks as major components of systemic risk. Second, we look on the particularities of this relationship through the different phases of the crisis and across the different countries using different monetary regimes. This concerns mostly two opposite extreme monetary regimes, namely, currency boards (and quasi-fixed exchange rate) - Bulgaria, Estonia, Latvia, Lithuania, or inflation targeting - Poland, Czech Republic, Hungary and Romania. The results obtained form the high frequency panel data models support the theoretical hypotheses and policy intuition that exists strong relationship between the liquidity risk (measured by the short term money markets) and fiscal risk (measured by CDS) and that this link is extremely unstable and in some sense nonlinear during the financial crisis. Our study confirm that the strong link between monetary and public finance risk as apart of total systemic risk increase during the crisis especially for currency boards regimes, when the link becomes stronger and pronounced. For the inflation targeting countries the link became weaker and less pronounced." @default.
• W2132451814 created "2016-06-24" @default.
• W2132451814 creator A5019717059 @default.
• W2132451814 creator A5053333963 @default.
• W2132451814 creator A5087252034 @default.
• W2132451814 date "2010-01-01" @default.
• W2132451814 modified "2023-10-01" @default.
• W2132451814 title "Money Market Integration and Sovereign CDs Spreads Dynamics in the New EU States" @default.
• W2132451814 cites W1482046751 @default.
• W2132451814 cites W1516383121 @default.
• W2132451814 cites W1546699391 @default.
• W2132451814 cites W1553655611 @default.
• W2132451814 cites W1970309817 @default.
• W2132451814 cites W2014201298 @default.
• W2132451814 cites W2034955703 @default.
• W2132451814 cites W2043724132 @default.
• W2132451814 cites W2100264428 @default.
• W2132451814 cites W2106435683 @default.
• W2132451814 cites W2115785984 @default.
• W2132451814 cites W2119597040 @default.
• W2132451814 cites W2121909763 @default.
• W2132451814 cites W2131466372 @default.
• W2132451814 cites W2220676322 @default.
• W2132451814 cites W2527861697 @default.
• W2132451814 cites W2529004386 @default.
• W2132451814 cites W2793951488 @default.
• W2132451814 cites W3121538912 @default.
• W2132451814 cites W3122500406 @default.
• W2132451814 cites W3122801699 @default.
• W2132451814 cites W3124711076 @default.
• W2132451814 cites W3124764219 @default.
• W2132451814 cites W3125205200 @default.
• W2132451814 cites W3125310779 @default.
• W2132451814 cites W3125573256 @default.
• W2132451814 cites W3125709545 @default.
• W2132451814 doi "https://doi.org/10.2139/ssrn.1726483" @default.
• W2132451814 hasPublicationYear "2010" @default.
• W2132451814 type Work @default.
• W2132451814 sameAs 2132451814 @default.
• W2132451814 citedByCount "3" @default.
• W2132451814 countsByYear W21324518142013 @default.
• W2132451814 countsByYear W21324518142014 @default.
• W2132451814 countsByYear W21324518142015 @default.
• W2132451814 crossrefType "journal-article" @default.
• W2132451814 hasAuthorship W2132451814A5019717059 @default.
• W2132451814 hasAuthorship W2132451814A5053333963 @default.
• W2132451814 hasAuthorship W2132451814A5087252034 @default.
• W2132451814 hasBestOaLocation W21324518142 @default.
• W2132451814 hasConcept C10138342 @default.
• W2132451814 hasConcept C106159729 @default.
• W2132451814 hasConcept C126285488 @default.
• W2132451814 hasConcept C141121606 @default.
• W2132451814 hasConcept C162324750 @default.
• W2132451814 hasConcept C17744445 @default.
• W2132451814 hasConcept C183582576 @default.
• W2132451814 hasConcept C18547055 @default.
• W2132451814 hasConcept C186229450 @default.
• W2132451814 hasConcept C189259953 @default.
• W2132451814 hasConcept C19244329 @default.
• W2132451814 hasConcept C199539241 @default.
• W2132451814 hasConcept C556758197 @default.
• W2132451814 hasConcept C73283319 @default.
• W2132451814 hasConcept C91602232 @default.
• W2132451814 hasConcept C94625758 @default.
• W2132451814 hasConceptScore W2132451814C10138342 @default.
• W2132451814 hasConceptScore W2132451814C106159729 @default.
• W2132451814 hasConceptScore W2132451814C126285488 @default.
• W2132451814 hasConceptScore W2132451814C141121606 @default.
• W2132451814 hasConceptScore W2132451814C162324750 @default.
• W2132451814 hasConceptScore W2132451814C17744445 @default.
• W2132451814 hasConceptScore W2132451814C183582576 @default.
• W2132451814 hasConceptScore W2132451814C18547055 @default.
• W2132451814 hasConceptScore W2132451814C186229450 @default.
• W2132451814 hasConceptScore W2132451814C189259953 @default.
• W2132451814 hasConceptScore W2132451814C19244329 @default.
• W2132451814 hasConceptScore W2132451814C199539241 @default.
• W2132451814 hasConceptScore W2132451814C556758197 @default.
• W2132451814 hasConceptScore W2132451814C73283319 @default.
• W2132451814 hasConceptScore W2132451814C91602232 @default.
• W2132451814 hasConceptScore W2132451814C94625758 @default.
• W2132451814 hasLocation W21324518141 @default.
• W2132451814 hasLocation W21324518142 @default.
• W2132451814 hasLocation W21324518143 @default.
• W2132451814 hasOpenAccess W2132451814 @default.
• W2132451814 hasPrimaryLocation W21324518141 @default.
• W2132451814 hasRelatedWork W1514257495 @default.
• W2132451814 hasRelatedWork W2028147098 @default.
• W2132451814 hasRelatedWork W2066262152 @default.
• W2132451814 hasRelatedWork W2093173562 @default.
• W2132451814 hasRelatedWork W2139595684 @default.
• W2132451814 hasRelatedWork W2326730651 @default.
• W2132451814 hasRelatedWork W2883216527 @default.
• W2132451814 hasRelatedWork W3093348574 @default.
• W2132451814 hasRelatedWork W3124500945 @default.
• W2132451814 hasRelatedWork W4231759525 @default.
• W2132451814 isParatext "false" @default.
• W2132451814 isRetracted "false" @default.
• W2132451814 magId "2132451814" @default.
• W2132451814 workType "article" @default.