Early Detection of Sovereign Market Instability in Romania: The Role of SovCISS
Journal of Eastern Europe Research in Business and Economics
Drawing on the methodology proposed by Garcia-de-Andoain and Kremer (2018), SovCISS incorporates key factors - credit risk, volatility, and liquidity - to provide a comprehensive overview of potential market pressures in the Romanian bond market. The indicator’s empirical applications reveal a notable alignment between Romania’s…