CONVERGENCE OF THE GOVERNMENT BOND YIELDS IN VISEGRAD COUNTRIES

D 2017

CONVERGENCE OF THE GOVERNMENT BOND YIELDS IN VISEGRAD COUNTRIES

HVOZDENSKÁ, Jana

Základní údaje

Originální název

CONVERGENCE OF THE GOVERNMENT BOND YIELDS IN VISEGRAD COUNTRIES

Autoři

HVOZDENSKÁ, Jana

Vydání

Volume III. Sofia, Bulgaria, Proceedings of 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017, od s. 131-138, 8 s. 2017

Nakladatel

SGEM International Multidisciplinary Scientific Conference on Social Sciences and Arts

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50600 5.6 Political science

Stát vydavatele

Bulharsko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Označené pro přenos do RIV

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-619-7408-15-7

DOI

https://doi.org/10.5593/sgemsocial2017/13

Klíčová slova anglicky

Beta-convergence, bond yields, integration of bond markets

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 12. 11. 2017 12:40, Ing. Bc. Jana Hvozdenská, Ph.D.

Anotace

V originále

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 Union 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 12/2016 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 Visegrad group (Czech Republic, Slovakia, Poland and Hungary) and German 10-year bond yield, 2) analysis of alignment, 3) beta-convergence. These findings can be beneficial for the financial market observers.

Návaznosti

MUNI/A/1039/2016, interní kód MU

Název: Modelování volatility na finančních trzích a její aplikace v oblasti řízení rizik a oceňování aktiv (Akronym: VOLATILITA)

Investor: Masarykova univerzita, Modelování volatility na finančních trzích a její aplikace v oblasti řízení rizik a oceňování aktiv, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

HVOZDENSKÁ, Jana. CONVERGENCE OF THE GOVERNMENT BOND YIELDS IN VISEGRAD COUNTRIES. In Proceedings of 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017. Volume III. Sofia, Bulgaria: SGEM International Multidisciplinary Scientific Conference on Social Sciences and Arts, 2017, s. 131-138. ISBN 978-619-7408-15-7. Dostupné z: https://doi.org/10.5593/sgemsocial2017/13.

@inproceedings{1395158,
   author = {Hvozdenská, Jana},
   address = {Sofia, Bulgaria},
   booktitle = {Proceedings of 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017},
   doi = {https://doi.org/10.5593/sgemsocial2017/13},
   edition = {Volume III},
   keywords = {Beta-convergence, bond yields, integration of bond markets},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Sofia, Bulgaria},
   isbn = {978-619-7408-15-7},
   pages = {131-138},
   publisher = {SGEM International Multidisciplinary Scientific Conference on Social Sciences and Arts},
   title = {CONVERGENCE OF THE GOVERNMENT BOND YIELDS IN VISEGRAD COUNTRIES},
   year = {2017}
}

TY  - CONF
ID  - 1395158
AU  - Hvozdenská, Jana
PY  - 2017
TI  - CONVERGENCE OF THE GOVERNMENT BOND YIELDS IN VISEGRAD COUNTRIES
PB  - SGEM International Multidisciplinary Scientific Conference on Social Sciences and Arts
CY  - Sofia, Bulgaria
SN  - 9786197408157
KW  - Beta-convergence, bond yields, integration of bond markets
N2  - 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 Union 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 12/2016 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 Visegrad group (Czech Republic, Slovakia, Poland and Hungary) and German 10-year bond yield, 2) analysis of alignment, 3) beta-convergence. These findings can be beneficial for the financial market observers.
ER  -

HVOZDENSKÁ, Jana. CONVERGENCE OF THE GOVERNMENT BOND YIELDS IN VISEGRAD COUNTRIES. In \textit{Proceedings of 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017}. Volume III. Sofia, Bulgaria: SGEM International Multidisciplinary Scientific Conference on Social Sciences and Arts, 2017, s.~131-138. ISBN~978-619-7408-15-7. Dostupné z: https://doi.org/10.5593/sgemsocial2017/13.

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