Autor según el artículo: Sorrosal-Forradellas M; Martinez L; Terceño A

Departamento: Gestió d'Empreses

Autor/es de la URV: MARTÍNEZ, LISANA BELÉN / Sorrosal Forradellas, Maria Teresa / Terceño Gómez, Antonio

Palabras clave: Yield spreads Sovereign bond spreads Self-organizing maps Risk Improve Financial crisis Economic variables Determinants

Resumen: © 2017, © Emerald Publishing Limited. Purpose: The last great financial crisis which arose in the middle of 2007 in the USA produced contagion effects over others economies. The purpose of this paper is focused on analyzing the evolution of a set of economic variables of 17 European countries since 1991 until 2013. Sovereign bond spreads are also considered to compare the incidence of the financial crisis over the economies considering macroeconomics fundamentals and fixed bonds. Design/methodology/approach: Self-organizing maps (SOMs) are used to achieve the purpose of the research. With this methodology, it is possible to analyze the evolution of the macroeconomic fundamentals of each country, obtaining particular and general conclusions according to the position of each country in the SOM. Moreover, the countries are compared between them and with its respective sovereign bond spreads level for each year of analysis. Findings: The impact of the crisis is different between the countries was analyzed. Belonging to the European Monetary Union is an interesting characteristic of some of the most affect economies. Research limitations/implications: This research presents wide implications for the economies to control the most vulnerable economic variables in front of financial crisis to prevent the contagion effect. The inclusion of more economic variables and countries could enhance the study. Originality/value: This research analyzes the relationship between macroeconomic variables and sovereign bond spreads using an infrequent methodology. The results obtained are valuable because they highlight how the present crisis has differently affected the European countries.

Áreas temáticas: Theoretical computer science Software Social sciences (miscellaneous) Medicina ii Interdisciplinar Information systems Engineering (miscellaneous) Engenharias iv Engenharias iii Electrical and electronic engineering Control and systems engineering Computer science, cybernetics Computer science (miscellaneous) Ciências biológicas i Ciências ambientais Ciência da computação Artificial intelligence Arquitetura, urbanismo e design Arquitetura e urbanismo

Acceso a la licencia de uso: https://creativecommons.org/licenses/by/3.0/es/

ISSN: 0368-492X

Direcció de correo del autor: mariateresa.sorrosal@urv.cat antonio.terceno@urv.cat

Identificador del autor: 0000-0003-4719-452X 0000-0001-5348-8837

Fecha de alta del registro: 2023-02-26

Volumen de revista: 46

Versión del articulo depositado: info:eu-repo/semantics/submittedVersion

Enlace a la fuente original: https://www.emerald.com/insight/publication/issn/0368-492X

URL Documento de licencia: http://repositori.urv.cat/ca/proteccio-de-dades/

Referencia al articulo segun fuente origial: Kybernetes. 46 (1): 85-101

Referencia de l'ítem segons les normes APA: Sorrosal-Forradellas M; Martinez L; Terceño A (2017). Are European sovereign bond spreads in concordance with macroeconomic variables evolution?. Kybernetes, 46(1), 85-101. DOI: 10.1108/K-06-2016-0121

DOI del artículo: 10.1108/K-06-2016-0121

Entidad: Universitat Rovira i Virgili

Año de publicación de la revista: 2017

Tipo de publicación: Journal Publications