Statsskuldsräntor i EU - En statistisk undersökning av eurons påverkan på statsskuldsräntor

Abstract

This bachelor thesis focuses on investigating possible differences in interest rates between European countries in switch to euro and the impact of the financial crisis 2008. By examining the European sovereign debts and budget deficits it aims to enlighten possible differences between the interest rates and the significance of euro for countries interest rates. By using statistical data from OECD for financial variables for a selection of European countries with a statistical dummy-variable for euro, a statistical difference between euro and non-euro countries have been found. Previous studies and macroeconomic assumptions helps to explain the difference in European interest rates. The empirical findings suggest that it exists a difference between euro and non-euro countries. Euro countries show a statistically lower interest rate in spite of the financial crisis 2008. Although not the expected result, it is shown that the euro itself is a significant explanation for the differences for European interest rates.