Η επίδραση της ευρωπαϊκής κρίσης στις αγορές ευρωπαϊκών ομολόγων

Νίκια, Αντωνία

Master Thesis

Author

Νίκια, Αντωνία

Date

2016-02

Abstract

The present work studied the effect of European crisis in the market of European obligations. The growth of subject became through four chapters. Through the bibliographic examination it was in conclusion realized that in periods of economic crisis the transmission of recession which they were influenced more to the most powerful countries, they are intense. Naturally this functions and reversely only that in the second case the feeblest countries are complicated they exceed economic pressures and this it has effects in their wider operation. Inquiringly was used the application Value at Risk (VAR) and Vector Error Correction Model (VECM). Was investigated the output of government owned obligations of countries of EMU for period 2007-2015. It was realized that exist differences before and afterwards the crisis substantially before the crisis were presented less cross-correlations between the countries and with the beginning of crisis and as long as this developed the cross-correlations between the countries of core and region became much more intense. Substantially with the completion of study, it was realized that the central countries of Europe were influenced immediately by the prices of obligations in the region, apart from the case of Austria. On the contrary the regional countries accepted intense effects from central with the exception of Ireland, situation which is connected with the fluctuation of Portuguese obligation.

Postgraduate Studies Programme

Χρηματοοικονομική και Τραπεζική με κατεύθυνση στην Χρηματοοικονομική Ανάλυση για Στελέχη

Department

Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής

Number of pages

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/9819

Collections

Τμήμα Χρηματοοικονομικής και Τραπεζικής Διοικητικής

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