Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios?
Fil: Hatcherian, Georges. Universidad de San Andrés. Escuela de Administración y Negocios; Argentina.
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Formato: | Tesis Tesis de maestría updatedVersion |
Lenguaje: | Inglés |
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Universidad de San Andrés. Escuela de Administración y Negocios.
2014
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Acceso en línea: | http://hdl.handle.net/10908/2727 http://hdl.handle.net/10908/2727 |
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I37-R143-10908-27272022-11-30T15:11:24Z Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? Hatcherian, Georges Warnes, Ignacio Government securities -- Econometric models. Inflation (Finance) -- Econometric models. Títulos públicos -- Modelos econométricos. Inflación (Finanzas) -- Modelos econométricos. Fil: Hatcherian, Georges. Universidad de San Andrés. Escuela de Administración y Negocios; Argentina. 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. 2014-11-04T12:32:50Z 2014-11-04T12:32:50Z 2012-09 Tesis info:eu-repo/semantics/masterThesis info:ar-repo/semantics/tesis de maestría info:eu-repo/semantics/updatedVersion Tesis M. Fin. 46 http://hdl.handle.net/10908/2727 http://hdl.handle.net/10908/2727 eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf Universidad de San Andrés. Escuela de Administración y Negocios. |
institution |
Universidad de San Andrés |
institution_str |
I-37 |
repository_str |
R-143 |
collection |
Repositorio Digital - Universidad de San Andrés (UdeSa) |
language |
Inglés |
topic |
Government securities -- Econometric models. Inflation (Finance) -- Econometric models. Títulos públicos -- Modelos econométricos. Inflación (Finanzas) -- Modelos econométricos. |
spellingShingle |
Government securities -- Econometric models. Inflation (Finance) -- Econometric models. Títulos públicos -- Modelos econométricos. Inflación (Finanzas) -- Modelos econométricos. Hatcherian, Georges Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
topic_facet |
Government securities -- Econometric models. Inflation (Finance) -- Econometric models. Títulos públicos -- Modelos econométricos. Inflación (Finanzas) -- Modelos econométricos. |
description |
Fil: Hatcherian, Georges. Universidad de San Andrés. Escuela de Administración y Negocios; Argentina. |
author2 |
Warnes, Ignacio |
author_facet |
Warnes, Ignacio Hatcherian, Georges |
format |
Tesis Tesis de maestría Tesis de maestría updatedVersion |
author |
Hatcherian, Georges |
author_sort |
Hatcherian, Georges |
title |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title_short |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title_full |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title_fullStr |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title_full_unstemmed |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title_sort |
do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
publisher |
Universidad de San Andrés. Escuela de Administración y Negocios. |
publishDate |
2014 |
url |
http://hdl.handle.net/10908/2727 http://hdl.handle.net/10908/2727 |
work_keys_str_mv |
AT hatcheriangeorges dosovereignbondspreadsininflationtargetingeconomiesreflectcreditworthinessandanticipatestressscenarios |
_version_ |
1775145545332948992 |