Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ?:
In the past several years, the ten new Central and Eastern European members of the European Union have enjoyed rapid growth but frequently alongside growing external imbalances. Economists have pointed to rising vulnerabilities, but markets compressed sovereign bond yields. This paper examines the e...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
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Schriftenreihe: | IMF Working Papers
Working Paper No. 07/65 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | In the past several years, the ten new Central and Eastern European members of the European Union have enjoyed rapid growth but frequently alongside growing external imbalances. Economists have pointed to rising vulnerabilities, but markets compressed sovereign bond yields. This paper examines the evidence from the perspective of economists'' vulnerability analysis and markets'' pricing of sovereign bonds. It finds that spread are lower than can be explained by ""fundamentals"" and speculates on the causes and permanence of this yield compression |
Beschreibung: | 1 Online-Ressource (31 p) |
ISBN: | 1451866291 9781451866292 |
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spelling | Schadler, Susan Verfasser aut Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? Schadler, Susan Washington, D.C International Monetary Fund 2007 1 Online-Ressource (31 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/65 In the past several years, the ten new Central and Eastern European members of the European Union have enjoyed rapid growth but frequently alongside growing external imbalances. Economists have pointed to rising vulnerabilities, but markets compressed sovereign bond yields. This paper examines the evidence from the perspective of economists'' vulnerability analysis and markets'' pricing of sovereign bonds. It finds that spread are lower than can be explained by ""fundamentals"" and speculates on the causes and permanence of this yield compression Online-Ausg Luengnaruemitchai, Pipat Sonstige oth http://elibrary.imf.org/view/IMF001/01798-9781451866292/01798-9781451866292/01798-9781451866292.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Schadler, Susan Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? |
title | Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? |
title_auth | Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? |
title_exact_search | Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? |
title_exact_search_txtP | Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? |
title_full | Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? Schadler, Susan |
title_fullStr | Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? Schadler, Susan |
title_full_unstemmed | Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? Schadler, Susan |
title_short | Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ? |
title_sort | do economists and financial markets perspectiveson the new members of the eu differ |
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