II - Documentos de traballo
Envíos recientes
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Do long-term bonds hedge equity risk? Evidence from Spain
(2016-02)[Abstract:] We analyze the relationship between returns on equity and long-term government bonds in the Spanish economy. In particular, we are interested in the stability of the relationship across differing market ... -
Are Banking Shocks Contagious? Evidence from the Eurozone
(2016)[Abstract] We test for contagion between banking stocks – global and domestic – and the domestic nonfinancial sector for eleven Eurozone countries. Using a Markov-switching Factor augmented VAR (MS-FAVAR) model, we assess ...