This paper focuses on developments in the European Economic and Monetary Union sovereign debt markets in the past decade. The ?rst part analyzes the integration and segmentation structure of the bond markets of the Economic and Monetary Union before and after the sovereign debt crisis, by introducing the novel concept of correlation-based stable networks. ... See More + Accordingly, a fair integration is observed between the bond markets during the pre-crisis period. However, a strict segmentation emerges, separating the members struggling with debt problems and the ones with relatively strong ?scal performances during the sovereign debt turmoil. The segmentation structure is clearly visualized, revealing the potential paths for crisis and recovery transmission in the future. In the second part, the paper comments on the recent decreasing trend in Economic and Monetary Union member bond yields and their increasing degree of co-movement. Accordingly, the paper argues that these changes do not depend on the ?scal performances of the member countries, but depend on the illusion of quality that appeared with the Fed (U.S. Federal Reserve) tapering signals in early 2013.  See Less -

Document Type: Policy Research Working Paper Report No.: WPS7149 Document Date: JAN 01, 2015

Author: Sensoy, Ahmet; Hacihasanoglu, Erk; Rostom, Ahmed

Document Type: Procurement Plan Report No.: 92696 Document Date: NOV 11, 2014

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economic news are as follows: financial markets; high income economies; and developing economies in Europe and Central Asia and Latin America and the Caribbean. ... See More +   See Less -

Document Type: Newsletter Report No.: 93196 Document Date: OCT 30, 2014

Author: Chen, Derek; Kida, Mizuho; Kim, Eung Ju

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economic news are as follows: financial markets; high income economies; and developing economies. ... See More +   See Less -

Document Type: Newsletter Report No.: 93188 Document Date: OCT 17, 2014

Author: Chen, Derek; Kida, Mizuho; Kim, Eung Ju

Document Type: Procurement Plan Report No.: 91198 Document Date: SEP 01, 2014

Document Type: Procurement Plan Report No.: 91201 Document Date: SEP 01, 2014

Document Type: Procurement Plan Report No.: 90406 Document Date: AUG 01, 2014

Document Type: Procurement Plan Report No.: 89678 Document Date: JUL 02, 2014

The willingness of banks and investors to support new businesses depends a great deal on the rules that govern failing businesses. Effective insolvency regimes save struggling firms when possible, or reallocate assets of failing firms more productively. ... See More + These procedures, focused on the end of the business life cycle, have a profound impact on the beginning. Banks and investors are more willing to lend when they know they can recover at least some of their investment. Entrepreneurs are more willing to enter the market when they are not putting their entire personal fortunes at risk. This viewpoint examines literature that quantifies the impact of effective insolvency regimes.  See Less -

Document Type: Brief Report No.: 90759 Document Date: JUL 01, 2014

Author: Menezes, Antonia

Some of the headings included in this issue of the Development Economics Prospects Group (DECPG) daily economic news are as follows: financial markets; high income economies; and developing economies in East Asia and Pacific and Sub-Saharan Africa. ... See More +   See Less -

Document Type: Newsletter Report No.: 90058 Document Date: JUN 17, 2014

Author: Chen, Derek; Kambou, Gerard; Kim, Eung Ju