Sovereign Risk Premiums in the European Government Bond Market

Abstract

wo r k i n g pa p e r s e r i e s n o. 3 6 9 / j u n e 2 0 0 4 sovereign risk premia in the european government bond market by kerstin bernoth, jürgen von hagen and ludger schuknecht wo r k i n g pa p e r s e r i e s n o. 3 6 9 / j u n e 2 0 0 4 sovereign risk premia in the european government bond market 1 by kerstin bernoth 2, jürgen von hagen 3 and ludger schuknecht 4 in 2004 all publications will carry a motif taken from the €100 banknote. this paper can be downloaded without charge from www.ecb.int or from the social science research network electronic library at ssrn.com/abstract_id=533129. 1 the authors thank the participants at the cepr conference on "empirical macro models of the euro economy: sectoral performance", the participants of the university of crete/leuven summer school 2003, stefan gerlach, and roel beetsma for helpful comments. kerstin bernoth thanks the members of the ecb fiscal policy division for their encouragement, support and many discussions on the subject during her internship in summer 2002.the views expressed here are those of the author and do not necessarily reflect those of the european central bank. 2 zei-center for european integration studies. e-mail address: kerstin.bernoth@wiwi.uni-bonn.de 3 university of bonn, indiana university, and cepr. e-mail address: vonhagen@uni-bonn.de. 4 european central bank, e-mail address: ludger.schuknecht@ecb.int. © european central bank, 2004 address kaiserstrasse 29 60311 frankfurt am main, germany …

Source: pdf_first_chars