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...
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| Altres autors: | , , |
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2021/155 |
| Matèries: | |
| Accés en línia: | Full text available on IMF |