How Long to Read Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece

How Long Does it Take to Read Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece?

It takes the average reader and 28 minutes to read Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece by Ms. Brenda González-Hermosillo

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper proposes a stochastic volatility model to measure sovereign financial distress. It examines how key European sovereign credit default swap (CDS) spreads affect each other; specifically, the paper analyses the volatility structure of Germany, Greece, Ireland, Italy, Spain and Portugal. The stability of Germany is a close proxy for the resilience of the euro area as markets use Germany’s sovereign CDS as a hedge for systemic risk. Although most of the CDS changes for Germany during 2009–12 were due to idiosyncratic factors, market developments in Italy and Spain contributed significantly, likely due to their relative importance in the region. Changes in Greece’s sovereign CDS had no significant effect on Germany’s sovereign CDS despite initial widespread concerns about such linkages. Spain and Italy show a notable co-dependence in explaining each other’s volatility while Germany also plays an important role. It is found that extreme bad news led to persistent and nearly permanent effects on the stochastic volatility of European sovereign CDS spreads.

How long is Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece?

Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece by Ms. Brenda González-Hermosillo is 28 pages long, and a total of 7,224 words.

This makes it 9% the length of the average book. It also has 9% more words than the average book.

How Long Does it Take to Read Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 39 minutes to read Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece aloud.

What Reading Level is Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece?

Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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