Convergence of the Bond Yields in Dependence on the EU Accession and Financial Crisis: The Case of Visegrad Group

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Convergence of the Bond Yields in Dependence on the EU Accession and Financial Crisis: The Case of Visegrad Group

Popis výsledku v původním jazyce

The aim of this paper is to analyse the influence of the EU accession and financial crisis to convergence and integration of the bond yields and bond markets. The results show the deepening of bond market convergence after the EU accession and the integration has continued until the end of the observed period. The chosen indicators are monthly mid-term bond yields (10-year bond yields). The period of 1/2000 to 2/2014 was chosen in order to show the impacts of the changes. The time period was divided into periods 1/2000 - 4/2004 (before the EU accession), 5/2004 - 7/2007 (after the accession and before financial crisis), 8/2007 - 3/2009 (period of the deepest financial crisis), 4/2009 - 2/2014 (period after financial crisis). Used methods are 1) spreadbetween the 10-year bond yields of countries V4 (Czech Republic, Slovakia, Poland and Hungary) and German 10-year bond yield, 2) analysis of alignment, 3) Beta-convergence.

Název v anglickém jazyce

Convergence of the Bond Yields in Dependence on the EU Accession and Financial Crisis: The Case of Visegrad Group

Popis výsledku anglicky

The aim of this paper is to analyse the influence of the EU accession and financial crisis to convergence and integration of the bond yields and bond markets. The results show the deepening of bond market convergence after the EU accession and the integration has continued until the end of the observed period. The chosen indicators are monthly mid-term bond yields (10-year bond yields). The period of 1/2000 to 2/2014 was chosen in order to show the impacts of the changes. The time period was divided into periods 1/2000 - 4/2004 (before the EU accession), 5/2004 - 7/2007 (after the accession and before financial crisis), 8/2007 - 3/2009 (period of the deepest financial crisis), 4/2009 - 2/2014 (period after financial crisis). Used methods are 1) spreadbetween the 10-year bond yields of countries V4 (Czech Republic, Slovakia, Poland and Hungary) and German 10-year bond yield, 2) analysis of alignment, 3) Beta-convergence.

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of the 2nd International Conference on European Integration 2014

ISBN

9788024833880

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

272-279

Název nakladatele

VŠB - Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

1. 1. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000346144900029