Εκτίμηση κινδύνου στις αγορές κρατικών ομολόγων της ζώνης του ευρώ

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Keywords
Ευρωπαϊκά κρατικά ομόλογα ; Αποδόσεις ; Οικονομική κρίση ; COVID-19 ; Πιστωτικός κίνδυνος ; Κίνδυνος ρευστότητας ; Ποιότητα διακυβέρνησηςAbstract
Government bond yields according to the results of the surveys conducted since the period of the financial crisis have shown the beginning of an increase in yields in the euro area. As a result, this has affected the spreads of government bonds to such an extent that even with the convergence of yields they have not returned to pre-recession levels. The purpose of this study is to distinguish the factors that affect European bonds and their yields, but we want to complement a key factor that is gaining ground in the market, that of quality and stable governance. For the interpretation, we will analyse how liquidity risk, credit risk as well as that of effective governance have influenced with their contribution European government bonds leading them to reduce their yields.