Spillovers from U.S. Monetary Policy Normalization on Brazil and Mexico's Sovereign Bond Yields /

This paper examines the transmission of changes in the U.S. monetary policy to localcurrency sovereign bond yields of Brazil and Mexico. Using vector error-correction models, we find that the U.S. 10-year bond yield was a key driver of long-term yields in these countries, and that Brazilian yields w...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Goes, Carlos
Awduron Eraill: De Imus, Phil, Garcia-Escribano, Mercedes, Kamil, Herman
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2017.
Cyfres:IMF Working Papers; Working Paper ; No. 2017/050
Mynediad Ar-lein:Full text available on IMF