Title:

Public debt and interest rate spread in the European Union

Group publication title:

Argumenta Oeconomica

Creator:

Kersan-Škabić, Ines

Subject and Keywords:

public debt ; European Union ; interest rate spread ; panel data analysis

Description:

Argument Oeconomica, 2016, Nr 1 (36), s. 5-29

Abstrakt:

The goal of this paper is to assess the debt sustainability in the EU measuring the impact of public debt on the interest rate spreads. The results show that public debt has positive and significant influence on interest rate spreads but its influence is not the same for all observed groups of countries within the EU. The highest influence is in the Eurozone countries and in the group of peripheral EU countries (that are most affected by crisis: Portugal, Italy, Ireland, Greece and Spain). The lowest impact of public debt on interest rate spread is registered in non-Eurozone countries. Other important variables in explanation of interest rate spread are inflation differentials, FDI inflows, current account deficit and GDP growth rate

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2016

Resource Type:

artykuł

Format:

application/pdf

Resource Identifier:

doi:10.15611/aoe.2016.1.01

Language:

eng

Relation:

Argumenta Oeconomica, 2016, Nr 1 (36)

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu