Government bond spreads in CEE countries influenced by macroeconomic fundamentals and crises.
The article looks at why government bond prices in Central and Eastern European countries changed during crises from 2001 to 2014. The researchers used data to see what factors affected bond prices before, during, and after financial crises. They found that economic factors like credit ratings and exchange rates had a big impact on bond prices, especially during financial crises. This shows that these factors play a key role in determining how risky a country's government bonds are.