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Global yield curve dynamics and interactions: A dynamic Nelson-Siegel approach
Diebold, Francis X.; Li, Canlin; Yue, Vivian Z. - 2007
The popular Nelson-Siegel (1987) yield curve is routinely fit to cross sections of intra-country bond yields, and Diebold and Li (2006) have recently proposed a dynamized version. In this paper we extend Diebold-Li to a global context, modeling a potentially large set of country yield curves in...
Persistent link: https://www.econbiz.de/10010303750
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Credit ratings in the Japanese bond market
Yamori, Nobuyoshi; Nishigaki, Narunto; Asai, Yoshihiro - 2006
Recently, credit ratings have been enhancing the influence on issuers as well as the national economy. This paper explains the historical development and several current features of the Japanese bond market, and discusses why credit ratings gained a significant role in the 1990s. We also present...
Persistent link: https://www.econbiz.de/10010332394
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The impact of the euro on money and bond markets
Santillán, Javier; Bayle, Marc; Thygesen, Christian - 2000
notably regarding the bond market which lags behind in terms of liquidity, market completeness and overall size compared to …
Persistent link: https://www.econbiz.de/10011606153
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On-the-run premia, settlement fails, and central bank access
Schneider, Fabienne - 2024
The premium on "on-the-run" Treasuries (i.e. the most recently issued ones) is an anomaly. I explain it using a model in which primary dealers hold inventories of Treasuries. Primary dealers are more likely to hold large inventories of on-the-run Treasuries. There is also less variation across...
Persistent link: https://www.econbiz.de/10015053569
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Der slowakische Markt für Milch und Milchprodukte: vom Beginn der Transformation bis zum EU-Beitritt
Glitsch, Kristina; Eerits, Alena - 2004
Ähnlich wie in den anderen MOEL hatte auch in der Slowakei der Systemwechsel Anfang der 90er Jahre drastische Folgen … marktpolitischen Rahmenbedingungen der Slowakei. … sectors in Slovakia. For example, Slovakian consumers reacted to the abolition of consumer subsidies by drastically reducing …
Persistent link: https://www.econbiz.de/10010299319
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Positive and negative impact of increased tertiary attainment
Bušíková, Alena - In: International Journal of Economic Sciences and Applied … 6 (2013) 1, pp. 41-57
aged 30-34). This article, on an example of Slovakia, provides an analysis of both positive and negative impact of …
Persistent link: https://www.econbiz.de/10011310244
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How important are foreign shocks in small open economy? The case of Slovakia
Horváth, Roman; Rusnák, Marek - 2008
transmission mechanism in Slovakia. Subject to various sensitivity checks, we find that contractionary monetary policy shock has a … policy shock on Slovak prices is more powerful than that of the National Bank of Slovakia. Slovak central bank interest rate …
Persistent link: https://www.econbiz.de/10010322189
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Mitigating the COVID-19 effect: Emergency economic policy-making in Central Europe
Podvršič, Ana; Becker, Joachim; Piroska, Dóra; … - 2020
, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We …
Persistent link: https://www.econbiz.de/10014565926
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Structural change without trust: Reform cycles in Hungary and Slovakia
Győrffy, Dóra - 2008
The recent admission of Slovakia into the Economic and Monetary Union (EMU) stands in sharp contrast with the … reasons: first, during the early phase of the transition process Hungary was way ahead of Slovakia, and second, the high level … Slovakia. This implies that in the absence of an elite consensus on continuing the reforms, the current success of Slovakia …
Persistent link: https://www.econbiz.de/10011470784
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Survey Results about Foreign Currency Holdings in Five Central and Eastern European Countries
Stix, Helmut - In: CESifo Forum 02 (2001) 3, pp. 41-48
Persistent link: https://www.econbiz.de/10011695664