Government bonds
Valuation of Government Bonds: the Exchange Rate Is an Important Aspect
... Interest rates are currently very low in the countries. In these countries bonds are issued with low or negative yields. In this paper, I empirically investigate the factors that affect the price of bonds. ...
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Relationship between Consumer Price Index (CPI) and Government Bonds
... monthly government bonds response to announcements about Consumer price index (CPI) beginning from July 2001 to September ...the government bonds and also the non-seasonal lags (AR1) of ...
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Convenience yield on government bonds and unconventional monetary policy in Japanese corporate bond spreads
... Behind this puzzling response, the Great East Japan earthquake and unconventional mone- tary policy on the credit spreads had two opposing effects. First, the disruption in supply chain networks and decline in domestic ...
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Relationship between Consumer Price Index (CPI) and Government Bonds
... in government bonds with Consumer price index (CPI) for Pakistani space for the period beginning from July 2001 to September ...in government bonds and also the non- seasonal investments in ...
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Game theory model for European government bonds market stabilization: a saving State proposal
... of government bonds issued by the States, using the “Game ...of government bonds (hereinafter called Speculator, our first player), the European Central Bank (ECB, the second player) and the ...
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The Impact of the Volatility of the US Government Bonds Rate on the Islamic Index Return
... Secondly, these results are beneficial for the investors, who are searching for possibilities of diversification in their investment strategy. Results of previous studies show evidence that, in general, interest rate ...
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The Effects of Secondary Markets for Government Bonds on Inflation Dynamics
... of government bonds. Given that bonds are scarce, the liquidity premium is affected by bonds ...real bonds. As a result, the total interest payment on bonds is non-linear, ...
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Banks as buyers of last resort for government bonds? CEPS Policy Insights No 2017/43, November 2017
... domestic bonds in order to minimise the potential ‘currency ...of government bonds on domestic paper; but even in the presence of denomination risk, it does not make sense to buy more domestic ...
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The Research on the Impact of China’s New Budget Law of the Market Process of Local Government Bonds
... corporate bonds [8]. For the local bonds, the macro factors mainly include the level of economic development in the area where the bonds are issued and the types of monetary policies implemented by ...
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A European safe asset to complement national government bonds
... This paper expands the growing literature on common safe assets in the context of the euro area financial system by employing credit risk simulation techniques to investigate the properties of different safe asset models ...
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The effects of tax cuts and government bonds on aggregate demand
... if government runs a larger deficit by cutting current taxes, the consumer increases his/her saving, because today’s tax cut generates an increase in the present value of future ...
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The ‘Visible Hand’ of the ECB’s Quantitative Easing CEPS Working Document No 407/May 2015
... of government debts, with possible implications for fiscal ...buy government bonds in a fragmented market with a low net supply may also produce an ex post impact, during the actual asset purchases, ...
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European Economy THE ECONOMIC AND FINANCIAL SITUATION IN THE NETHERLANDS REPORTS AND STUDIES NO 1 1995
... The Amsterdam Stock Exchange completely overhauled its trading system for government bonds in 1993 and introduced for the other traded securities shares and non-government bonds, on 30 S[r] ...
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Power structures of the European Central Bank and the European Court of Justice during the Debt Crisis
... Although the Federal Constitutional Court (2014) left the actual decision on the OMT programme to the ECJ it considered several conditions under that this programme could possibly be in conformity with EU law. First of ...
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Optimal fiscal and monetary policy, debt crisis, and management
... the government finances its expenditures by raising a mix of lump-sum and distortionary taxes and by issuing government ...holding government debt is subject to sovereign default risk. Third, ...
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Flashlight Europe N°5–June 2015 OMT is Monetary Policy and Not Economic Policy
... purchasing government bonds it is in the final analysis providing financial support for the budgets of the states concerned, which thus no longer have any incentive to exer- cise budget ...purchase ...
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Indexed Bonds
... federal government bonds might be taken as a further indication that the government viewed the problem of inflation as ...indexed government bonds on expectational grounds most strongly ...
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Research on Optimal Investment Portfolio of Enterprise Annuity under Investment Constraints
... corporate bonds is basically higher than that of government bonds, and corporate bonds rise a ...the government bonds is basi- cally 0%, which is related to the result that the ...
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The German Constitutional Court’s decision about the European Central Bank’s OMT [Outright Monetary Transactions] mechanism: A masterpiece of judicial arrogance European Policy Briefs No 30, April 2014
... of government bonds can, under certain conditions, help to support the monetary policy objectives of the European System of Central Banks does not turn the OMT Decision itself into an act of monetary ...
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spotlight europe 20120/05, August 2012: Confronting the crisis
... out of the vicious circle of sovereign debt crisis, banking crisis and economic crisis. And one is inclined to agree with the economists who from the very beginning were in favour of the “big bazooka” or “Big Bertha”. ...
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