Informace o publikaci
Convergence of the Bond Yields in Dependence on the EU Accession and Financial Crisis: The Case of Visegrad Group
| Autoři | |
|---|---|
| Rok publikování | 2014 |
| Druh | Článek ve sborníku |
| Konference | Proceedings of the 2nd International Conference on European Integration 2014 |
| Fakulta / Pracoviště MU | |
| Citace | |
| Obor | Řízení, správa a administrativa |
| Klíčová slova | Beta-converegence; bond yields; integration of bond markets |
| Popis | The aim of this paper is to analyse the influence of the EU 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 EU 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 2/2014 was chosen in order to show the impacts of the changes. The time period was divided into periods 1/2000 - 4/2004 (before the EU accession), 5/2004 - 7/2007 (after the accession and before financial crisis), 8/2007 - 3/2009 (period of the deepest financial crisis), 4/2009 - 2/2014 (period after financial crisis). Used methods are 1) spread between the 10-year bond yields of countries V4 (Czech Republic, Slovakia, Poland and Hungary) and German 10-year bond yield, 2) analysis of alignment, 3) Beta-convergence. |
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