Evolution of Spanish government debt holdings

Evolution of Spanish government debt holdings

Fecha: mayo 2012

Autores: José Manuel Amor, Miguel Arregui, AFI

Etiquetas: Deuda pública

Spanish and International Economic & Financial Otlook, SEFO, V. 1 N.º 1

The crisis that began in the summer of 2007 marked a turning point in the stock of Spanish government debt held by non-residents, which had increased in absolute and relative terms since the middle of the 1990’s. This phenomenon has been common for most economies of the periphery of the euro, and its coincidence with episodes of sharp widening of sovereign spreads vs. Germany shows that non-resident investors now perceive a higher credit risk in some member states’ government debt than in the past.

Descargar artículo (formato PDF)


Think tank dedicado a la investigación económica y social

C/ Caballero de Gracia, 28 | 28013 Madrid, España
+34 91 596 57 18 | funcas@funcas.es
Send this to a friend