Bond yields in emerging economies: it matters what state you are in
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund
2012
|
| Series: | IMF working paper (Online)
WP/12/198 |
| Subjects: | |
| Online Access: | FAW01 FAW02 FLA01 |
| Item Description: | 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 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 |
| ISBN: | 1475531362 9781475531367 1475507755 9781475507751 |
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| 500 | |a 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 | ||
| 500 | |a 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 | ||
| 500 | |a 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 | ||
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| spelling | Jaramillo, Laura Verfasser aut Bond yields in emerging economies it matters what state you are in [Washington, D.C.] International Monetary Fund 2012 txt rdacontent c rdamedia cr rdacarrier IMF working paper (Online) WP/12/198 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 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 Bonds fast Investments fast BUSINESS & ECONOMICS / Finance bisacsh Entwicklungsländer Wirtschaft Bonds Investments Developing countries Weber, Anke Sonstige oth |
| spellingShingle | Jaramillo, Laura Bond yields in emerging economies it matters what state you are in Bonds fast Investments fast BUSINESS & ECONOMICS / Finance bisacsh Entwicklungsländer Wirtschaft Bonds Investments Developing countries |
| title | Bond yields in emerging economies it matters what state you are in |
| title_auth | Bond yields in emerging economies it matters what state you are in |
| title_exact_search | Bond yields in emerging economies it matters what state you are in |
| title_full | Bond yields in emerging economies it matters what state you are in |
| title_fullStr | Bond yields in emerging economies it matters what state you are in |
| title_full_unstemmed | Bond yields in emerging economies it matters what state you are in |
| title_short | Bond yields in emerging economies |
| title_sort | bond yields in emerging economies it matters what state you are in |
| title_sub | it matters what state you are in |
| topic | Bonds fast Investments fast BUSINESS & ECONOMICS / Finance bisacsh Entwicklungsländer Wirtschaft Bonds Investments Developing countries |
| topic_facet | Bonds Investments BUSINESS & ECONOMICS / Finance Entwicklungsländer Wirtschaft Investments Developing countries |
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