Sovereign bond yields
Short and Long-run Behaviour of Long-term Sovereign Bond Yields
... government bond yields in stochastic general equilibrium suggests that given the panel data employed, there could also be relevant short-run effects, which may vary across ...long-term sovereign ...
38
ISCAL RULES: BUDGETARY AND SOVEREIGN YIELD DEVELOPMENTS
... and sovereign yields, and afterwards perform a simulation exercise to assess what would have been the debt level if a numerical expenditure rule had been applied in ...smaller sovereign bond ...
52
The relevance of fiscal rules for fiscal and yield developments
... and sovereign yields, and we perform a simulation exercise to compute debt developments of EU countries, assuming that they had implemented a numerical expenditure rule in ...lower sovereign ...
45
Animal spirits vs contagion: Which one is the main driver of sovereign yields in Europe?
... the sovereign interest rates were converging, there were still minor differences between the EMU ...term sovereign interest rates, Laubach (2003,2004) and Gale and Orszag (2004) proved only a relation with ...
26
Determinants of sovereign bond spreads in the EMU
... is sovereign debt priced? The existing literature puts forward a number of plausible determinants of sovereign bond yields that are used by market participants – institutional investors such ...
52
Determinants of sovereign bond yield spreads in the EMU: an optimal currency area perspective
... between bond yield spreads and its determinants, if we verify that the variables in equation (1) are indeed non-stationary, we need to determine whether these are linked by a cointegrating ...EMU sovereign ...
25
Carlos Pestana Barros Nicolas Peypoch A Comparative Analysis of Productivity Change in Italian and Portuguese Airports
... The long-run relationship between fiscal variables and sovereign bond yields constitutes part of policymakers’ conventional wisdom. Increases in the debt ratio or in the government deficit ratio may ...
9
E CONOMIC FORECASTS AND SOVEREIGN YIELDS A NA S OFIAC OSTA G ERVÁSION EVES NUNES S UPERVISOR:A NTÓNIOA FONSO
... 10-year sovereign bond yields, particularly corrections in fiscal variables, but this impact is different across countries, being more pronounced in countries with less favourable economic ...
49
The Eaton-Gersovitz-Arellano environment with collateral
... The cost of relaxing commitment and proxiing for realistic assets in the EGA environment, however, is precisely that the model looses all its ex-ante commitment. In this models, repay- ments are not due to contractual ...
32
Fiscal determinants of government borrowing costs: do we have only ourselves to blame?
... government bond spreads use a measure of fiscal balance and the data on public debt as a primary measure of a country’s credit risk, and hence one of the fundamental determinants of the required yield on ...
25
The role of no-arbitrage on forecasting: lessons from a parametric term structure model
... in Table 7. Risk premiums coming from the other two versions (CS and AFG) have more similar in-sample behavior, but clearly get apart out-of- sample, with the AFG version generating positive premiums, and the CS version ...
54
A pricing model for sovereign bonde
... indication of optimum bond maturity, size of reserves, and share of debt with fixed and floating rate,.. B Mme prec:i8ely, be _ _ thá tbe bmb em oblip tbe couatryto [r] ...
27
Bond touch
... of Bond Touch, respondents were shown a description of how the product works together with a photo of how a pair is sold ...above Bond Touch’s current market ...
96
Sovereign wealth funds: a comparative analysis
... As pointed out by the Professor of the University of Chicago Gary S. Becker, “Lack of transparency (of the SWF) is a major obstacle to citizens of countries with secretive sovereign funds”. Determining whether the ...
98
Braz. oral res. vol.22 número2
... size (chairside silica coating) would not lead to ex- aggerated material loss during air-abrasion. Consid- ering the relatively smooth surfaces observed, fur- ther investigation should concern whether a rougher surface ...
6
From a Crisis Perspective
... Palladini and Portes (2011), through their study on the price discovery relationship between the two basis’ components of six Euro area countries, conclude that in the long run there is an equilibrium relationship ...
39
The determinants of public deb and its financing
... a sovereign debt crisis context, where a risk of default was felt, an increase in this variable could explain a negative impact on the public debt level, in the Euro ...
101
Contagion in EU Sovereign Yield Spreads
... Our empirical findings indicate that there is a spillover effect between the EMU countries that can spread throughout EU countries. The EMU countries more affected by the three risks factors mentioned at the beginning of ...
43
Effect of European Sovereign Debt Crisis on Banks’ Stock Market Performances
... Table 1 below presents a brief summary of the results obtained by employing this so-called “traditional” event study methodology. The events are treated individually, and divided into two groups - downgrades and outlook ...
36
Sovereign debt with adverse selection : a quantitative approach
... interpret sovereign debts as contingent ...of sovereign debt whereby defaulting countries were excluded from capital markets and regained access by making partial ...
22