Italian Sovereign Spreads: Their Determinants and Pass-through to Bank Funding Costs and Lending Conditions

WP/13/84

Nopic
Volatility in Italian sovereign spreads has increased since mid-2011. This paper finds that news on the euro area debt crisis and country specific events were important drivers of sovereign spreads. Movements in sovereign spreads affect CDS spreads and bond yields of Italian banks, and are transmitted rapidly to firm lending rates. Banks with... READ MORE...

Publication date: April 2013
ISBN 9781484357705
$18.00

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Publication date: April 2013

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Publication date: April 2013

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