| 来源类型 | Article and other Publication |
| 规范类型 | 其他 |
| DOI | 10.1111/1468-0106.12256 |
| Bond yield spillovers from major advanced economies to emerging Asia | |
| Belke, Ansgar; Irina Dubova; Ulrich Volz | |
| 出版年 | 2018 |
| 摘要 | This article explores the extent to which changes to long- term interest rates in major advanced economies have influenced long-term government bond yields in emerging Asia. To gauge long-term interest spillover effects, the article uses vector autoregressive (VAR) variance decompositions with high frequency data. Our results reveal that sovereign bond yields in emerging Asia responded significantly to changes to US and eurozone bond yields, although the magnitudes were heterogeneous across countries. The size of spillovers varied over time. The pattern of these variations can partially be explained by the implementation of different unconventional monetary policy measures in advanced countries. |
| URL | https://www.die-gdi.de/en/others-publications/article/bond-yield-spillovers-from-major-advanced-economies-to-emerging-asia-1/ |
| 来源智库 | German Development Institute (Germany) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/499383 |
| 推荐引用方式 GB/T 7714 | Belke, Ansgar,Irina Dubova,Ulrich Volz. Bond yield spillovers from major advanced economies to emerging Asia. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
