About: Do fiscal drivers matter for sovereign risk spread in EU15?

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

Attributes	Values
rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
rdfs:seeAlso	http://apps.webofknowledge.com/full_record.do?product=UA@search_mode=GeneralSearch@qid=3@SID=Z1prE4N7f2o5CxElcfd@page=1@doc=1@cacheurlFromRightClick=no
Description	The price of government bonds reflects among other market confidence in governments' commitment towards sustainable fiscal policies. The aim of the paper is to examine the importance of fiscal fundamentals for sovereign risk spread in selected European Union member states in a period 1990-2012 and test if stronger fiscal discipline reduces sovereign risk premium. The empirical evidence is performed on unbalanced panel containing 15 EU countries and panel regression is a basic methods of research. Next variables are used for testing impact on sovereign risk spread: German Bunds' interest, budget balance to GDP, debt to GDP, GDP growth and the fiscal rules index. The analysis uses data taken from Eurostat, OECD and Helgi database. Results confirm importance of fiscal variables and discipline for a sovereign risk spread. The improvement of fiscal position (expressed by budget balance increase and debt decrease) reduces sovereign yield spread. Contrary, changes of German Bunds' interest an d fiscal rules index have not statistically significant impact on spread. The price of government bonds reflects among other market confidence in governments' commitment towards sustainable fiscal policies. The aim of the paper is to examine the importance of fiscal fundamentals for sovereign risk spread in selected European Union member states in a period 1990-2012 and test if stronger fiscal discipline reduces sovereign risk premium. The empirical evidence is performed on unbalanced panel containing 15 EU countries and panel regression is a basic methods of research. Next variables are used for testing impact on sovereign risk spread: German Bunds' interest, budget balance to GDP, debt to GDP, GDP growth and the fiscal rules index. The analysis uses data taken from Eurostat, OECD and Helgi database. Results confirm importance of fiscal variables and discipline for a sovereign risk spread. The improvement of fiscal position (expressed by budget balance increase and debt decrease) reduces sovereign yield spread. Contrary, changes of German Bunds' interest an d fiscal rules index have not statistically significant impact on spread. (en)
Title	Do fiscal drivers matter for sovereign risk spread in EU15? Do fiscal drivers matter for sovereign risk spread in EU15? (en)
skos:prefLabel	Do fiscal drivers matter for sovereign risk spread in EU15? Do fiscal drivers matter for sovereign risk spread in EU15? (en)
skos:notation	RIV/47813059:19520/14:#0002728!RIV15-MSM-19520___
http://linked.open...avai/riv/aktivita	O
http://linked.open...avai/riv/aktivity	O
http://linked.open...vai/riv/dodaniDat	2015
http://linked.open...aciTvurceVysledku	Szarowská, Irena
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Slezská univerzita v Opavě / Obchodně podnikatelská fakulta v Karviné
http://linked.open...dnocenehoVysledku	12023
http://linked.open...ai/riv/idVysledku	RIV/47813059:19520/14:#0002728
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	debt; budget deficit; sovereign risk spreads; fiscal discipline (en)
http://linked.open.../riv/klicoveSlovo	debt budget deficit sovereign risk spreads fiscal discipline
http://linked.open...ontrolniKodProRIV	[C78AA5ED136D]
http://linked.open...v/mistoKonaniAkce	Lednice
http://linked.open...i/riv/mistoVydani	Brno
http://linked.open...i/riv/nazevZdroje	European Financial Systems 2014. Proceedings of the 11th International Scientific Conference
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...UplatneniVysledku	2014
http://linked.open...iv/tvurceVysledku	SZAROWSKÁ, Irena
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open...ain/vavai/riv/wos	000350701500083
http://linked.open.../riv/zahajeniAkce	2014-06-12 (xsd:date)
number of pages	8 (xsd:int)
http://purl.org/ne...btex#hasPublisher	Masarykova univerzita
https://schema.org/isbn	978-80-210-7153-7
http://localhost/t...ganizacniJednotka	19520

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