Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/190722 
Year of Publication: 
2017
Citation: 
[Journal:] Journal of Innovation & Knowledge (JIK) [ISSN:] 2444-569X [Volume:] 2 [Issue:] 3 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2017 [Pages:] 146-154
Publisher: 
Elsevier, Amsterdam
Abstract: 
This paper identifies the factors that affect the primary and secondary market spreads of fixed and variable rate bonds issued by sub-sovereign European governments. The two markets were analyzed separately to compare whether the factors for the primary market coincided with those for the secondary market. Data for the period between February 2008 and December 2013 were analyzed using panel data estimation. The two markets behaved almost identically, and the signs of the variables were as expected in nearly every case. The most important factor determining the spread of sub-sovereign bonds was the spread of the sovereign bond.
Subjects: 
Bond spreads
Primary market
Secondary market
Panel data
JEL: 
G12
G15
G18
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

Files in This Item:
File
Size
358.55 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.