Series: IMF Working Papers
Author(s): Sergio Sola , and Geremia Palomba
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 29 May 2015
Keywords: Sub-national governments, market, markets, debt, bonds, primary market, Financial Markets and the Macroeconomy, Asset Pricing, General,
This paper examines the determinants of sub-national governments risk premia using secondary market data for U.S., Canada, Australia and Germany. It finds that, as for central governments, fiscal fundamentals matte...