Global Spillovers into Domestic Bond Markets in Emerging Market Economies /

While fiscal conditions remain healthier than in advanced economies, emerging economies continue to be exposed to negative spillovers if global conditions were to become less favorable. This paper finds that domestic bond yields in emerging economies are heavily influenced by two international facto...

সম্পূর্ণ বিবরণ

গ্রন্থ-পঞ্জীর বিবরন
প্রধান লেখক: Jaramillo, Laura
অন্যান্য লেখক: Weber, Anke
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2013.
মালা:IMF Working Papers; Working Paper ; No. 2013/264
অনলাইন ব্যবহার করুন:Full text available on IMF
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245 1 0 |a Global Spillovers into Domestic Bond Markets in Emerging Market Economies /  |c Laura Jaramillo, Anke Weber. 
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300 |a 1 online resource (21 pages) 
490 1 |a IMF Working Papers 
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520 3 |a While fiscal conditions remain healthier than in advanced economies, emerging economies continue to be exposed to negative spillovers if global conditions were to become less favorable. This paper finds that domestic bond yields in emerging economies are heavily influenced by two international factors: global risk appetite and global liquidity. Using a novel approach, the analysis goes on to show that the vulnerability of emerging economies to these factors is not uniform but rather depends on country specific characteristics, namely fiscal fundamentals, financial sector openness and the external current account balance. 
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700 1 |a Weber, Anke. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/264 
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