Αξιολόγηση κινδύνων στις αγορές κρατικών ομολόγων στην Ευρωζώνη
KeywordsΕυρωζώνη ; Οικονομική κρίση ; Αποδόσεις ομολόγων ; Πιστωτικός κίνδυνος ; Κίνδυνος ρευστότητας ; Ποιότητα διακυβέρνησης
As it has been scientifically proved, the advent of the economic crisis has played a determining role in the yield increase of the European government bonds. However, since then, the yield spreads of the government bonds have decreased significantly without nevertheless having returned to the levels maintained during the pre-crisis period. In the following dissertation, the factors of exercising influence on bond yields will be presented and analysed, as well as a new factor - that of governing quality and its effects - will be introduced. The dissertation will focus on the way in which the credit risk and the liquidity risk in combination with the governing quality and its branches have exceeded over other determining factors and contributed towards the yield decrease of government bonds in the Eurozone.