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Global Spillovers into Domestic Bond Markets in Emerging Market Economies, Laura Jaramillo, Anke Weber

Contributor
Abstract
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
Table Of Contents
Cover; Abstract; Content; I. Introduction; Figures; 1. Primary Balance and Debt Stabilizing Primary Balance, 2012; II. Literature Review; III. Recent Developments in Domestic Sovereign Bond Markets; 2. Sovereign Domestic Bond Yields; 3. Sovereign Domestic Bond Yields and Global Risk Aversion; 4. Sovereign Domestic Bond Yields and Global Liquidity; 5. Sovereign Domestic Bond Yields by Region; IV. Data and Methodology; A. Data Sources; B. Methodology; V. Results and Policy Implications; Tables; 1. Principal Component
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (22 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484329153

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