{"id":"https://openalex.org/W2582843113","doi":"https://doi.org/10.1016/j.jimonfin.2017.08.003","title":"Determinants of sub-sovereign bond yield spreads \u2013 The role of fiscal fundamentals and federal bailout expectations","display_name":"Determinants of sub-sovereign bond yield spreads \u2013 The role of fiscal fundamentals and federal bailout expectations","publication_year":2017,"publication_date":"2017-08-24","ids":{"openalex":"https://openalex.org/W2582843113","doi":"https://doi.org/10.1016/j.jimonfin.2017.08.003","mag":"2582843113"},"language":"en","primary_location":{"id":"doi:10.1016/j.jimonfin.2017.08.003","doi":"https://doi.org/10.1016/j.jimonfin.2017.08.003","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jimonfin.2017.08.003","pdf_url":null,"source":{"id":"https://openalex.org/S10747938","display_name":"Journal of International Money and Finance","issn_l":"0261-5606","issn":["0261-5606","1873-0639"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Money and Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5058313748","display_name":"Roland Beck","orcid":"https://orcid.org/0000-0002-9567-4387","observed_orcids":["https://orcid.org/0000-0002-9567-4387"]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Roland Beck","raw_affiliation_strings":["European Central Bank, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Central Bank, Germany","institution_ids":["https://openalex.org/I153515283"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5008625399","display_name":"Gianluigi Ferrucci","orcid":"https://orcid.org/0000-0002-2162-5347","observed_orcids":["https://orcid.org/0000-0002-2162-5347"]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Gianluigi Ferrucci","raw_affiliation_strings":["European Central Bank, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Central Bank, Germany","institution_ids":["https://openalex.org/I153515283"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5012060415","display_name":"Arno Hantzsche","orcid":"https://orcid.org/0000-0003-4643-4122","observed_orcids":["https://orcid.org/0000-0003-4643-4122"]},"institutions":[{"id":"https://openalex.org/I142263535","display_name":"University of Nottingham","ror":"https://ror.org/01ee9ar58","country_code":"GB","type":"education","lineage":["https://openalex.org/I142263535"]},{"id":"https://openalex.org/I6932186","display_name":"National Institute of Economic and Social Research","ror":"https://ror.org/048m81442","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I6932186"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Arno Hantzsche","raw_affiliation_strings":["University of Nottingham and National Institute of Economic and Social Research, United Kingdom"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Nottingham and National Institute of Economic and Social Research, United Kingdom","institution_ids":["https://openalex.org/I142263535","https://openalex.org/I6932186"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5013863025","display_name":"Matthias Rau-G\u00f6hring","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"Matthias Rau-G\u00f6hring","raw_affiliation_strings":["European Central Bank, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Central Bank, Germany","institution_ids":["https://openalex.org/I153515283"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5013863025"],"corresponding_institution_ids":["https://openalex.org/I153515283"],"apc_list":{"value":3130,"currency":"USD","value_usd":3130},"apc_paid":null,"fwci":4.3728,"has_fulltext":false,"cited_by_count":23,"citation_normalized_percentile":{"value":0.94143313,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"79","issue":null,"first_page":"72","last_page":"98"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.7583000063896179,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.7583000063896179,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11461","display_name":"Local Government Finance and Decentralization","score":0.10270000249147415,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.09300000220537186,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/yield-spreads","display_name":"yield spreads","score":0.8579999804496765},{"id":"https://openalex.org/keywords/fiscal-federalism","display_name":"fiscal federalism","score":0.828000009059906},{"id":"https://openalex.org/keywords/default-risk","display_name":"default risk","score":0.8130000233650208},{"id":"https://openalex.org/keywords/risk-premium","display_name":"risk premium","score":0.8539999723434448},{"id":"https://openalex.org/keywords/credit-constraints","display_name":"credit constraints","score":0.6039999723434448}],"concepts":[{"id":"https://openalex.org/C2779775300","wikidata":"https://www.wikidata.org/wiki/Q44312","display_name":"Bailout","level":3,"score":0.9634938836097717},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6397063732147217},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.6341168284416199},{"id":"https://openalex.org/C2778489760","wikidata":"https://www.wikidata.org/wiki/Q12695","display_name":"Government debt","level":3,"score":0.6060160398483276},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5476691722869873},{"id":"https://openalex.org/C2780389337","wikidata":"https://www.wikidata.org/wiki/Q2324820","display_name":"Government bond","level":3,"score":0.5474902987480164},{"id":"https://openalex.org/C186229450","wikidata":"https://www.wikidata.org/wiki/Q42008","display_name":"Sovereignty","level":3,"score":0.5464481711387634},{"id":"https://openalex.org/C2778782394","wikidata":"https://www.wikidata.org/wiki/Q1092023","display_name":"Sovereign default","level":5,"score":0.4941571056842804},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4850015342235565},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4720101058483124},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.4438774883747101},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.41592204570770264},{"id":"https://openalex.org/C134121241","wikidata":"https://www.wikidata.org/wiki/Q899301","display_name":"Yield (engineering)","level":2,"score":0.4120830297470093},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.3234786093235016},{"id":"https://openalex.org/C524878704","wikidata":"https://www.wikidata.org/wiki/Q187021","display_name":"Fiscal policy","level":2,"score":0.3191622197628021},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.21638241410255432},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.1929912269115448},{"id":"https://openalex.org/C2994482091","wikidata":"https://www.wikidata.org/wiki/Q12695","display_name":"Sovereign debt","level":4,"score":0.16393452882766724},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.07989370822906494},{"id":"https://openalex.org/C191897082","wikidata":"https://www.wikidata.org/wiki/Q11467","display_name":"Metallurgy","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1016/j.jimonfin.2017.08.003","doi":"https://doi.org/10.1016/j.jimonfin.2017.08.003","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jimonfin.2017.08.003","pdf_url":null,"source":{"id":"https://openalex.org/S10747938","display_name":"Journal of International Money and Finance","issn_l":"0261-5606","issn":["0261-5606","1873-0639"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Money and Finance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":55,"referenced_works":["https://openalex.org/W656565651","https://openalex.org/W1483936920","https://openalex.org/W1484229689","https://openalex.org/W1488517180","https://openalex.org/W1493166795","https://openalex.org/W1538299216","https://openalex.org/W1570761139","https://openalex.org/W1604316197","https://openalex.org/W1654462966","https://openalex.org/W1864423162","https://openalex.org/W1928044476","https://openalex.org/W1984173932","https://openalex.org/W1984751007","https://openalex.org/W1995366885","https://openalex.org/W1996702557","https://openalex.org/W2013571227","https://openalex.org/W2016626454","https://openalex.org/W2025610165","https://openalex.org/W2027009592","https://openalex.org/W2035554302","https://openalex.org/W2041414737","https://openalex.org/W2041469947","https://openalex.org/W2051030403","https://openalex.org/W2078944630","https://openalex.org/W2095862456","https://openalex.org/W2096217651","https://openalex.org/W2107949983","https://openalex.org/W2108224789","https://openalex.org/W2124555329","https://openalex.org/W2129067070","https://openalex.org/W2136431771","https://openalex.org/W2139199723","https://openalex.org/W2181364613","https://openalex.org/W2236342205","https://openalex.org/W2282049443","https://openalex.org/W2954385843","https://openalex.org/W2955208812","https://openalex.org/W3121450007","https://openalex.org/W3121813836","https://openalex.org/W3121819921","https://openalex.org/W3122458556","https://openalex.org/W3122818112","https://openalex.org/W3123434764","https://openalex.org/W3123580022","https://openalex.org/W3123662890","https://openalex.org/W3123719639","https://openalex.org/W3124014984","https://openalex.org/W3124353352","https://openalex.org/W3124524163","https://openalex.org/W3124617600","https://openalex.org/W3125731828","https://openalex.org/W3125748343","https://openalex.org/W4246852611","https://openalex.org/W4296791903","https://openalex.org/W6789286503"],"related_works":["https://openalex.org/W2282049443","https://openalex.org/W7099531688","https://openalex.org/W7099279917","https://openalex.org/W2800257024","https://openalex.org/W1971665922","https://openalex.org/W2955208812","https://openalex.org/W1529802371","https://openalex.org/W1575585892","https://openalex.org/W7167679797","https://openalex.org/W7160444583"],"abstract_inverted_index":null,"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":6},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2017-02-03T00:00:00"}
