Naslov
Political determinants of sovereign spread: the great east – west divide

Autori
Glaurdić, Josip ; Tkalec, Marina ; Vukšić, Goran ; Vizek, Maruška

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni

Skup
International Conference on Social Science and Humanities

Mjesto i datum
Edinburgh, Ujedinjeno Kraljevstvo, 18.04.2017. - 19.04.2017

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Nije recenziran

Ključne riječi
sovereign spreads ; determinants ; European Union

Sažetak
This study investigates the determinants of sovereign spreads for a panel of all European Union countries except Estonia. Thereby a broader approach which combines typical economic determinants of sovereign spreads with political and institutional determinants which may also exhibit influence over spreads determination is adopted. Results suggest higher inflation is associated with higher sovereign spreads ; whereas lower fiscal deficit decreases the spread. The VIX index and Federal funds rate also matter for sovereign spreads determination. The influence of economic variables and several political variables of choice are shown (such as tendency to trust the government and the number of antigovernment protests) to depend on the features of the political system, namely bicameralism, executive legislative relations, type of the government, and cabinet composition.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA