The Long-Run Impact of Sovereign Yields on Corporate Yields in Emerging Markets /
We analyze the long-run impact of emerging-market sovereign bond yields on corporate bond yields, finding that the average pass-through is around one. The pass-through is larger in countries with greater sovereign risks and where sovereign bonds are more liquid. It is also greater for corporate bond...
Main Author: | |
---|---|
Other Authors: | , , |
Format: | Journal |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
2021.
|
Series: | IMF Working Papers; Working Paper ;
No. 2021/155 |
Subjects: | |
Online Access: | Full text available on IMF |