Croatia among EU members whose spreads are most affected by fundamentals
Increased spreads on bonds and credit default swaps in European Union member states have increasingly been caused by spillovers from the eurozone financial crisis – but some member states' spreads have been more affected by fundamentals than others.
A new working paper by Davor Kunovac, published by the Croatian National Bank, finds that while Croatia is "no exception" from the majority of the variation of domestic spreads being correlated to the dynamics of external trends, it joins Portugal
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