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Bond yields in emerging economies : it matters what state you are in
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Bond yields in emerging economies : it matters what state you are in. |
| 개인저자 | Jaramillo, Laura. Weber, Anke, |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, 2012. |
| 형태사항 | 1 online resource. |
| 총서사항 | IMF working papers;WP/12/198 |
| 기타형태 저록 | Print version: Jaramillo, Laura. Bond Yields in Emerging Economies: It Matters What State You Are In. Washington : International Monetary Fund, ?012 9781475505481 |
| ISBN | 1475531362 9781475531367 1475507755 9781475507751 |
| 서지주기 | Includes bibliographical references. |
| 내용주기 | Cover; Abstract; Contents; I. Introduction; II. Background and Literature Review; III. Stylized Facts; Figures; 1. Emerging Economies: Government Debt; 2. Emerging Economies: Domestic Government Debt Securities; 3. Emerging Market Fund Assets; 4. Sovereign Domestic Bond Yields; 5. Sovereign Domestic Bond Yields and Global Factors; 6. Domestic Bond Yields and Fiscal Fundamentals, 2007-2011; IV. Empirical Model Specification; V. Data and Estimation Results; A. Data Sources; B. Estimation Results; Tables; 1. Descriptive Statistics. 2. Determinants of 10-year Domestic Bond Yields in Emerging Economies3. Threshold Model: Determinants of 10-year Domestic Bond Yields in Emerging Economies; VI. Summary and Conclusions; 7. Actual Change in Bond Yields Compared to Out-of-Sample Prediction; Appendix; References. |
| 요약 | While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing relevance. This paper finds that the extent to which fiscal variables affect domestic bond yields in emerging economies depends on the level of global risk aversion. During tranquil times in global markets, fiscal variables do not seem to be a significant determinant of domestic bond yields in emerging economies. However, when market participants are on edge, they pay greater attention t. |
| 주제명(지명) | Developing countries. --fast |
| 일반주제명 | Bonds. Investments --Developing countries. BUSINESS & ECONOMICS --Finance. Bonds. Investments. |
| 언어 | 영어 |
| 바로가기 |  |
