{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,3,27]],"date-time":"2026-03-27T00:57:46Z","timestamp":1774573066841,"version":"3.50.1"},"reference-count":46,"publisher":"MDPI AG","issue":"4","license":[{"start":{"date-parts":[[2023,4,7]],"date-time":"2023-04-07T00:00:00Z","timestamp":1680825600000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Entropy"],"abstract":"<jats:p>This study uses structural entropy as a valuable method for studying complex networks in a macro-finance context, such as the European government bond market. We make two contributions to the empirical literature on sovereign bond markets and entropy in complex networks. Firstly, our article contributes to the empirical literature on the disciplinary function of credit markets from an entropy perspective. In particular, we study bond yield differentials at an average daily frequency among EU countries\u2019 10-year Eurobonds issued between 1 January 1997, and 4 October 2022. Secondly, the article brings a methodological novelty by incorporating an entropy perspective to the study of government bond yield differentials and European capital market integration. Entropy-based methods hold strong potential to bring new sources of dynamism and valuable contributions to the areas of macroeconomics and finance.<\/jats:p>","DOI":"10.3390\/e25040630","type":"journal-article","created":{"date-parts":[[2023,4,7]],"date-time":"2023-04-07T04:08:03Z","timestamp":1680840483000},"page":"630","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":2,"title":["Sovereign Bond Yield Differentials across Europe: A Structural Entropy Perspective"],"prefix":"10.3390","volume":"25","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-5921-3428","authenticated-orcid":false,"given":"Thierry","family":"Warin","sequence":"first","affiliation":[{"name":"Department of International Business, HEC Montreal, Montr\u00e9al, QC H3T 2A7, Canada"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-3993-6108","authenticated-orcid":false,"given":"Aleksandar","family":"Stojkov","sequence":"additional","affiliation":[{"name":"Department of Business Law and Economics, Iustinianus Primus Law Faculty, Ss. Cyril and Methodius University, 1000 Skopje, North Macedonia"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"1968","published-online":{"date-parts":[[2023,4,7]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"379","DOI":"10.1002\/j.1538-7305.1948.tb01338.x","article-title":"A Mathematical Theory of Communication","volume":"27","author":"Shannon","year":"1948","journal-title":"Bell Syst. Tech. J."},{"key":"ref_2","doi-asserted-by":"crossref","first-page":"10832","DOI":"10.1038\/s41598-019-47210-8","article-title":"Structural Entropy: Monitoring Correlation-Based Networks Over Time with Application to Financial Markets","volume":"9","author":"Almog","year":"2023","journal-title":"Sci. Rep."},{"key":"ref_3","unstructured":"Adam, K., Jappelli, T., Menichini, A., Padula, M., and Pagano, M. (2002). 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