Bond yields in emerging economies :: it matters what state you are in.
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...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
2012.
|
| Schriftenreihe: | IMF working paper (Online) ;
WP/12/198. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | 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. |
| Beschreibung: | 1 online resource |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1475531362 9781475531367 1475507755 9781475507751 1475505485 9781475505481 1475511035 9781475511031 |
Internformat
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| 100 | 1 | |a Jaramillo, Laura. | |
| 245 | 1 | 0 | |a Bond yields in emerging economies : |b it matters what state you are in. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, |c 2012. | ||
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| 505 | 0 | |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. | |
| 505 | 8 | |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. | |
| 520 | |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. | ||
| 504 | |a Includes bibliographical references. | ||
| 546 | |a English. | ||
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| 650 | 0 | |a Investments |z Developing countries. |0 http://id.loc.gov/authorities/subjects/sh2002004220 | |
| 650 | 6 | |a Obligations (Valeurs) | |
| 650 | 7 | |a bonds (negotiable instruments) |2 aat | |
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| 758 | |i has work: |a Bond yield in emerging economies (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGCDVQHqTKYfwRkQxB7DVP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Jaramillo, Laura. |t Bond Yields in Emerging Economies: It Matters What State You Are In. |d Washington : International Monetary Fund, ©2012 |z 9781475505481 |
| 830 | 0 | |a IMF working paper (Online) ; |v WP/12/198. |0 http://id.loc.gov/authorities/names/n2004152483 | |
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| author | Jaramillo, Laura |
| author2 | Weber, Anke |
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| contents | 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. |
| ctrlnum | (OCoLC)903167056 |
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| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.67/3091724 |
| dewey-search | 332.67/3091724 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | ZDB-4-EBA-ocn903167056 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-27T13:26:28Z |
| institution | BVB |
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| series | IMF working paper (Online) ; |
| series2 | IMF working papers ; |
| spelling | Jaramillo, Laura. Bond yields in emerging economies : it matters what state you are in. [Washington, D.C.] : International Monetary Fund, 2012. 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 text file rdaft http://rdaregistry.info/termList/fileType/1002 IMF working papers ; 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. Includes bibliographical references. English. Bonds. http://id.loc.gov/authorities/subjects/sh85015509 Investments Developing countries. http://id.loc.gov/authorities/subjects/sh2002004220 Obligations (Valeurs) bonds (negotiable instruments) aat BUSINESS & ECONOMICS Finance. bisacsh Bonds fast Investments fast Developing countries fast Weber, Anke. has work: Bond yield in emerging economies (Text) https://id.oclc.org/worldcat/entity/E39PCGCDVQHqTKYfwRkQxB7DVP https://id.oclc.org/worldcat/ontology/hasWork Print version: Jaramillo, Laura. Bond Yields in Emerging Economies: It Matters What State You Are In. Washington : International Monetary Fund, ©2012 9781475505481 IMF working paper (Online) ; WP/12/198. http://id.loc.gov/authorities/names/n2004152483 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568126 Volltext |
| spellingShingle | Jaramillo, Laura Bond yields in emerging economies : it matters what state you are in. IMF working paper (Online) ; 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. Bonds. http://id.loc.gov/authorities/subjects/sh85015509 Investments Developing countries. http://id.loc.gov/authorities/subjects/sh2002004220 Obligations (Valeurs) bonds (negotiable instruments) aat BUSINESS & ECONOMICS Finance. bisacsh Bonds fast Investments fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85015509 http://id.loc.gov/authorities/subjects/sh2002004220 |
| 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. http://id.loc.gov/authorities/subjects/sh85015509 Investments Developing countries. http://id.loc.gov/authorities/subjects/sh2002004220 Obligations (Valeurs) bonds (negotiable instruments) aat BUSINESS & ECONOMICS Finance. bisacsh Bonds fast Investments fast |
| topic_facet | Bonds. Investments Developing countries. Obligations (Valeurs) bonds (negotiable instruments) BUSINESS & ECONOMICS Finance. Bonds Investments Developing countries |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568126 |
| work_keys_str_mv | AT jaramillolaura bondyieldsinemergingeconomiesitmatterswhatstateyouarein AT weberanke bondyieldsinemergingeconomiesitmatterswhatstateyouarein |