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...

Popoln opis

Bibliografske podrobnosti
Glavni avtor: Jaramillo, Laura
Drugi avtorji: Weber, Anke
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2012.
Serija:IMF Working Papers; Working Paper ; No. 2012/198
Online dostop:Full text available on IMF
LEADER 01779cas a2200253 a 4500
001 AALejournalIMF012064
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781475505481 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Jaramillo, Laura. 
245 1 0 |a Bond Yields in Emerging Economies :   |b It Matters What State You Are In /  |c Laura Jaramillo, Anke Weber. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (25 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |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 to country-specific fiscal fundamentals, revealing greater alertness about default risk. 
538 |a Mode of access: Internet 
700 1 |a Weber, Anke. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/198 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/198/001.2012.issue-198-en.xml  |z IMF e-Library