Global Financial Spillovers to Emerging Market Sovereign Bond Markets is popular PDF and ePub book, written by Mr.Christian Ebeke in 2015-06-26, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Global Financial Spillovers to Emerging Market Sovereign Bond Markets can be Read Online from any device for your convenience.
Global Financial Spillovers to Emerging Market Sovereign Bond Markets Book PDF Summary
Foreign holdings of emerging markets (EMs) government bonds have increased substantially over the last decade. While foreign participation in local-currency sovereign bond markets provides an additional source of financing and reduces sovereign yields, it raises concerns about increased sensitivity of yields to shifts in market sentiment. The analysis in this paper suggests that foreign participation and an undiversified investor base transmit global financial shocks to local-currency sovereign bond markets by increasing yield volatility and, beyond a certain threshold, amplify these spillovers. These estimates are robust to a range of econometric techniques including panel smooth threshold regression.
Detail Book of Global Financial Spillovers to Emerging Market Sovereign Bond Markets PDF
- Author : Mr.Christian Ebeke
- Release : 26 June 2015
- Publisher : International Monetary Fund
- ISBN : 9781513552750
- Genre : Business & Economics
- Total Page : 22 pages
- Language : English
- PDF File Size : 11,9 Mb
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