Essays about: "sovereign debt"

Showing result 11 - 15 of 65 essays containing the words sovereign debt.

  1. 11. Sovereign Default, Risk-Averse Investors and the World Interest Rate

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Martina Dosser; [2021]
    Keywords : Sovereign Default; International Lending; Government Bonds; International Contagion; Risk Premia;

    Abstract : Empirical evidence suggests that global factors, such as the world interest rate and the degree of risk-aversion of international investors, are key drivers of sovereign spreads in emerging economies. Building on this evidence, this paper extends a model of strategic sovereign default to account for both a time-varying world interest rate and risk-averse international investors, in order to study the impact of these factors on sovereign debt prices and default incentives. READ MORE

  3. 12. Every Flow Must Have Its Ebb - The Impact of the Financial Crisis on FDI Flows: A Comparison Between Euro and Non-Euro Countries

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Henrietta Tuomaila; Martina Hellberg; [2021]
    Keywords : Currency Union; Euro; Financial Crisis; FDI; Business and Economics;

    Abstract : Previous research has found that the euro increases FDI flows, yet the evidence of to what extent the EMU membership enhances FDI flows differs between studies. This thesis aims to estimate the impact the financial crisis has had on FDI flows and to further compare the impact the crisis has had on the euro countries to non-euro countries. READ MORE

  4. 13. Crowding out or crowding in? : A study on the effects of the public debt ratio on private investments of countries in the euro area

    University essay from Umeå universitet/Nationalekonomi

    Author : Alexander Nilsson; [2020]
    Keywords : ;

    Abstract : The evolution of public debt in the euro area into unsustainable levels is discussed now more than ever after the recent financial crisis of 2008 and the European sovereign debt crisis that followed. With countries like Greece and Italy hovering around the level of 181.2- and 134. READ MORE

  5. 14. Debt Portfolio Optimization at the Swedish National Debt Office: : A Monte Carlo Simulation Model

    University essay from KTH/Matematisk statistik

    Author : Felix Greberg; [2020]
    Keywords : Public Debt Management; Financial Mathematics; Portfolio Optimization; Ornstein–Uhlenbeck; Vector Autoregression; Term Structure Evolution; Nelson-Siegel; R; Monte Carlo simulation; Skuldförvaltning; Finansiell matematik; Portföljoptimering; Ornstein–Uhlenbeck; Vector autoregression; Ränteutvecklingsmodeller; Nelson-Siegel; R; Monte Carlo-simulering;

    Abstract : It can be difficult for a sovereign debt manager to see the implications on expected costs and risk of a specific debt management strategy, a simulation model can therefore be a valuable tool. This study investigates how future economic data such as yield curves, foreign exchange rates and CPI can be simulated and how a portfolio optimization model can be used for a sovereign debt office that mainly uses financial derivatives to alter its strategy. READ MORE

  6. 15. Construction of legitimacy through contestation of norms and ideas - Legitimacy of the European Central Bank’s crisis governance

    University essay from Malmö universitet/Fakulteten för kultur och samhälle (KS)

    Author : Matias Lennart Castrén; [2019]
    Keywords : Legitimacy; ECB; Monetary Policy; Constructivism; Ordoliberalism; Contestation; Norms; Ideas;

    Abstract : The purpose of this thesis is to study the social construction of the legitimacy of the European Central Bank (ECB). This research addresses the research gap in literature on the legitimacy of the ECB. The research conceptualizes a constructivist concept of legitimacy as contestation that is shaped by norms and ideas. READ MORE