연구정보
[경제] Effect of Macroprudential Policies on Sovereign Bond Markets: Evidence from the ASEAN-4 Countries
동남아시아 일반 국외연구자료 연구보고서 - Asian Development Bank 발간일 : 2023-10-10 등록일 : 2023-10-15 원문링크
Using a risk network among sovereign bonds, the direct effect is that markets with tighter prudential policies have significantly smaller spillovers from the Treasury yield shocks of other regional and global economies. Combining with indirect effects, prudential policies reduce sovereign spillover risks in the long term. These findings suggest prudential policies have dual efficiency in sovereign risk regulation and Treasury internationalization.
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| 이전글 | [경제] Product market regulation in Indonesia : An international comparison | 2023-03-23 |
|---|---|---|
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