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@inproceedings{1395158,
author = {Hvozdenská, Jana},
address = {Sofia, Bulgaria},
booktitle = {Proceedings of 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM 2017},
doi = {http://dx.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 - JOUR
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, p.~131-138. ISBN~978-619-7408-15-7. Available from: https://dx.doi.org/10.5593/sgemsocial2017/13.
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