Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/213938 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
University of Tübingen Working Papers in Business and Economics No. 129
Verlag: 
University of Tübingen, Faculty of Economics and Social Sciences, Tübingen
Zusammenfassung: 
Interest-rate spreads fluctuate widely across time and countries. We illustrate this on the basis of about 3,100 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Prior to the financial crisis, spread fluctuations in advanced economies are an order of magnitude smaller than in emerging economies. After 2008 their behavior has largely converged along a number of dimensions. We also provide evidence on the transmission of spread shocks and find it similar across sample periods and country groups. The importance of spread shocks as a source of output fluctuations in advanced economies has increased after 2008.
Schlagwörter: 
Country spreads
Country risk
Interest-rate shocks
Financial crisis
Business cycle
Spread shocks
Average treatment effect
JEL: 
G15
F41
E32
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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