EMU peripheral sovereign debt: Resilience in the face of monetary policy and geopolitical risks
Fecha: marzo 2022
José Manuel Amor, Salvador Jiménez and Javier Pino
Looming ECB policy normalisation will likely lead to the rebalancing of relative prices for EMU peripheral sovereign debt. Nonetheless, improved economic fundamentals, the ECB’s commitment to preventing fresh episodes of financial fragmentation and favourable prospects for European integration should help reduce the risk of episodes of intense stress in the eurozone sovereign debt markets.