From a modeling perspective, daily movements in risk-free yield curves deserve further exploration. In this paper, I study daily yield curve changes for three major liquid sovereign yield curves, namely US, UK and Germany. I focus on two main themes: (1) characterizing the statistical...

This study examines the impact of domestic and foreign shocks on the real and financial sector of BRIC countries. For this purpose, we use a structural vector autoregressive (SVAR) model over the extended period of 1997 to 2016. We conclude that domestic policy shocks have a more substantial...