A macro-financial analysis of the euro area sovereign bond market. National Bank of Belgium Working Paper No. 259, June 2014

We estimate the 'fundamental' component of euro area sovereign bond yield spreads, i.e. the part of bond spreads that can be justified by country-specific economic factors, euro area economic fundamentals, and international influences. The yield spread decomposition is achieved using a multi-market, no-arbitrage affine term structure model with a unique pricing kernel. More specifically, we use the canonical representation proposed by Joslin, Singleton, and Zhu (2011) and introduce next to standard spanned factors a set of unspanned macro factors, as in Joslin, Priebsch, and Singleton (2013). The model is applied to yield curve data from Belgium, France, Germany, Italy, and Spain over the period 2005-2013. Overall, our results show that economic fundamentals are the dominant drivers behind sovereign bond spreads. Nevertheless, shocks unrelated to the fundamental component of the spread have played an important role in the dynamics of bond spreads since the intensification of the sovereign debt crisis in the summer of 2011

An Analysis of the Schengen Area in the Wake of Recent Developments. 30 June 2016. CEPS researchers’ work published externally

This study, commissioned by the European Parliament’s Policy Department for Citizen’s Rights and Constitutional Affairs at the request of the LIBE Committee, analyses the Schengen area in the wake of the European ‘refugee crisis’ and other recent developments. With several Member States reintroducing temporary internal border controls over recent months, the study assesses compliance with the Schengen governance framework in this context. Despite suggestions that the end of Schengen is nigh or arguments that there is a need to get ‘back to Schengen’, the research demonstrates that Schengen is alive and well and that border controls have, at least formally, complied with the legal framework. Nonetheless, better monitoring and democratic accountability are necessary.

Cases and materials on the law and institutions of the Atlantic area : with a separate volume of documents /

Mode of access: Internet.

Behavior of the Bay Area Rapid Transit tunnels through the Hayward Fault : final report /

"Performing organization: San Francisco Bay Area Rapid Transit District"--Technical report documentation page.

Water resources of the Pittsburgh area, Pennsylvania,

Mode of access: Internet.

Water resources of the Louisville area, Kentucky and Indiana,

Mode of access: Internet.

Reconnaissance of the Iquitos area, Loreto Department, Peru /

Prepared in cooperation with the Junta de Control de Energía Atómica de Peru.

Economic research on small business : the environment for entrepreneurship and small business : summary analysis of the regional research reports.

Mode of access: Internet.

Preliminary delineation and description of the regional aquifers of Tennessee : the East Tennessee aquifer system /

Shipping list no.: 86-911-P.

Mineralogy of the Cameron area : Coconino County, Arizona /

At head of title: United States Atomic Energy Commission.

Water resources of the Detroit area, Michigan /

4 folded maps in pocket.

The birds of the Chicago area,

Errata slip inserted.