Convergence of the Government Bond Yields in Estonia, Latvia and Lithuania

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 Government Bond Yields in Estonia, Latvia and Lithuania

Popis výsledku v původním jazyce

The aim of this paper is to analyse the influence of the European Union 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 European U nion 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 12/2017 was chosen in order to show the impacts of the changes. The time period was divided into periods 1/2000 - 4/2004 (before the European Union accession), 5/2004 - 7/2007 (after the accession and before financial crisis), 8/2007 - 3/2009 (period of the deepest financial crisis), 4/2009 - 12/2016 (period after the financial crisis). Used methods are 1) spread between the 10-year bond yields of countries of Estonia, Latvia, Lithuania and German 10-year bond yield, 2) analysis of alignment, 3) beta-convergence. These findings can be beneficial for the financial market observers.

Název v anglickém jazyce

Convergence of the Government Bond Yields in Estonia, Latvia and Lithuania

Popis výsledku anglicky

The aim of this paper is to analyse the influence of the European Union 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 European U nion 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 12/2017 was chosen in order to show the impacts of the changes. The time period was divided into periods 1/2000 - 4/2004 (before the European Union accession), 5/2004 - 7/2007 (after the accession and before financial crisis), 8/2007 - 3/2009 (period of the deepest financial crisis), 4/2009 - 12/2016 (period after the financial crisis). Used methods are 1) spread between the 10-year bond yields of countries of Estonia, Latvia, Lithuania and German 10-year bond yield, 2) analysis of alignment, 3) beta-convergence. These findings can be beneficial for the financial market observers.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 15th International Scientific conference European Financial Systems 2018

ISBN

9788021089808

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

196-201

Název nakladatele

Masarykova Univerzita

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

1. 1. 2018

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000462948800025