IMF Working Paper: European Department. Sovereign CDS Spreads in Europe – The Role of Global Risk Aversion, Economic Fundamentals, Liquidity, and Spillovers. Prepared by Frigyes Ferdinand Heinz, Yan Sun. January 28, 2014. “By analysing data from January 2007 to December 2012 in a panel GLS error correction framework we find that European countries’ sovereign CDS spreads are largely… Continue Reading