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Bond Spreads as Predictors of Economic Activity in Eight European Economies
In this paper we examine the relationship between real activity and financial market tightness in Europe using data on 500 corporate bonds between July 1994 and May 2011 for Austria, Belgium, France,Expand
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Bond Spreads and Economic Activity in Eight European Economies
This paper provides a new insight into the relationship between financial market tightness and real activity using a unique new database extracted from Bloomberg to construct a credit spread indexExpand
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On the Information Flow from Credit Derivatives to the Macroeconomy
We investigate the information flow from credit default swap (CDS) spreads to macroeconomic activity in the United States and twelve European countries. We show that single-name CDS contracts acrossExpand
Does leadership matter for healthcare service quality? Evidence from NHS England
In this paper we provide first-hand evidence that leadership quality matters for the quality of healthcare provision, based on NHS England hospital trust data between 2010 and 2014. This is the firstExpand
Credit Spreads as Predictors of Economic Activity in Eight European Economies
In this paper we examine the relationship between real activity and financial market tightness in Europe using data on 500 straight corporate bonds between July 1994 and May 2011 for Austria,Expand
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When EU corporate bond spreads widen, recession may be around the corner
Wider spreads reduce GDP growth by a larger amount in the peripheral economies, write Michael Bleaney, Paul Mizen and Veronica Veleanu
Information and Sentiment in CDS Markets
We investigate the evidence for an information channel in credit default swap (CDS) markets in Europe and the United States. Recent literature has suggested that investor sentiment signals futureExpand
Currency risk in corporate bond spreads in the eurozone
Corporate bond yields generally follow yields on sovereign debt when debt is denominated in foreign currency (FC), but have historically behaved rather differently when debt is denominated inExpand