Publication
20 Feb 2009
Spreads of sovereign debt within the eurozone have increased dramatically over the past few months. The hypothesis of this paper is that the widening bond spreads within the eurozone are the result of panic in the financial markets. The panic that followed the banking crises has led investors into a stampede away from private debt into assets that are deemed safe.
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English (PDF, 4 pages, 62 KB) |
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Author | Paul De Grauwe |
Series | CEPS ECMI Commentaries |
Issue | 22 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2009 Paul de Grauwe |