Monetary and Capital Markets Department Sovereign Spreads : Global Risk Aversion , Contagion or Fundamentals ?

@inproceedings{Cceres2010MonetaryAC,
  title={Monetary and Capital Markets Department Sovereign Spreads : Global Risk Aversion , Contagion or Fundamentals ?},
  author={Carlos C{\'a}ceres and Vincenzo Guzzo and Miguel Segoviano},
  year={2010}
}
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. Over the past year, euro area sovereign spreads have exhibited an unprecedented degree of volatility. This paper explores how much of these large movements… CONTINUE READING