Determinants of nonresident government debt ownership

Detalhes bibliográficos
Autor(a) principal: Afonso, António
Data de Publicação: 2017
Outros Autores: Silva, Jorge
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Texto Completo: http://hdl.handle.net/10400.5/25527
Resumo: We examine the determinants of nonresident government debt ownership, accounting for domestic and external factors and financial variables during the period 2000Q2–2014Q4, focussing on a small euro area open economy: Portugal. Our results show that better fiscal positions, higher systematic stress in Europe and higher shares of monetary and financial institutions (MFI) cross-border holdings of public debt, increase the share of nonresident held debt, and rising sovereign yields decrease that ratio.
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spelling Determinants of nonresident government debt ownershipSovereign DebtCentral BankFinancial MarketsMonetary and Financial InstitutionsPortugalWe examine the determinants of nonresident government debt ownership, accounting for domestic and external factors and financial variables during the period 2000Q2–2014Q4, focussing on a small euro area open economy: Portugal. Our results show that better fiscal positions, higher systematic stress in Europe and higher shares of monetary and financial institutions (MFI) cross-border holdings of public debt, increase the share of nonresident held debt, and rising sovereign yields decrease that ratio.Taylor & Francis GroupRepositório da Universidade de LisboaAfonso, AntónioSilva, Jorge2022-09-19T15:13:36Z20172017-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/25527engAfonso, António and Jorge Silva. (2017). "Determinants of nonresident government debt ownership". Applied Economics Letters, Vol. 24, No. 2: pp. 107-112.1466-4291 (Online)10.1080/13504851.2016.1167818info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:23:55Zoai:repositorio.ulisboa.pt:10400.5/25527Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:12:37.691003Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Determinants of nonresident government debt ownership
title Determinants of nonresident government debt ownership
spellingShingle Determinants of nonresident government debt ownership
Afonso, António
Sovereign Debt
Central Bank
Financial Markets
Monetary and Financial Institutions
Portugal
title_short Determinants of nonresident government debt ownership
title_full Determinants of nonresident government debt ownership
title_fullStr Determinants of nonresident government debt ownership
title_full_unstemmed Determinants of nonresident government debt ownership
title_sort Determinants of nonresident government debt ownership
author Afonso, António
author_facet Afonso, António
Silva, Jorge
author_role author
author2 Silva, Jorge
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Silva, Jorge
dc.subject.por.fl_str_mv Sovereign Debt
Central Bank
Financial Markets
Monetary and Financial Institutions
Portugal
topic Sovereign Debt
Central Bank
Financial Markets
Monetary and Financial Institutions
Portugal
description We examine the determinants of nonresident government debt ownership, accounting for domestic and external factors and financial variables during the period 2000Q2–2014Q4, focussing on a small euro area open economy: Portugal. Our results show that better fiscal positions, higher systematic stress in Europe and higher shares of monetary and financial institutions (MFI) cross-border holdings of public debt, increase the share of nonresident held debt, and rising sovereign yields decrease that ratio.
publishDate 2017
dc.date.none.fl_str_mv 2017
2017-01-01T00:00:00Z
2022-09-19T15:13:36Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/25527
url http://hdl.handle.net/10400.5/25527
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Afonso, António and Jorge Silva. (2017). "Determinants of nonresident government debt ownership". Applied Economics Letters, Vol. 24, No. 2: pp. 107-112.
1466-4291 (Online)
10.1080/13504851.2016.1167818
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Taylor & Francis Group
publisher.none.fl_str_mv Taylor & Francis Group
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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