Catálogo de publicaciones - tesis
Título de Acceso Abierto
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios?
Georges Hatcherian Ignacio Warnes
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Resumen/Descripción – provisto por el repositorio digital
"When successfully executed, inflation targeting (IT) has managed to prevent situations of fiscal dominance and to anchor inflation expectations. This has helped enhance the information content of the price of government bonds and the perception of sovereign risk, thus adding resiliency to sovereign spreads. The paper assesses the resilience of sovereign spreads of IT economies to shocks and compares with those of countries with other policy frameworks. I conclude that, while in the short term sovereign spreads of IT economies are more resilient to macroeconomic volatilities, they tend to widen in the long run after the shock occurs anyway, independently of the monetary policy framework."Palabras clave – provistas por el repositorio digital
Government securities; Econometric models.; Inflation (Finance); Econometric models.; Títulos públicos; Modelos economuétricos.; Inflación (Finanzas); Modelos economuétricos.
Disponibilidad
| Institución detectada | Año de publicación | Navegá | Descargá | Solicitá |
|---|---|---|---|---|
| No requiere | 2012 | Repositorio Digital San Andrés (SNRD) |
|
Información
Tipo de recurso:
tesis
Idiomas de la publicación
- inglés
País de edición
Argentina
Fecha de publicación
2012-09
Información sobre licencias CC
