Does public debt ownership structure matter for a borrowing country?
We assess the investor base impact on government borrowing costs and examine how investors react to shocks in sovereign bond yields, across 24 countries and 3 maturities between 2004Q1-2019Q2. Our VAR approach has the advantage of modelling bidirectional causality between yields and investor base. W...
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| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2021
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| Texto completo: | http://hdl.handle.net/10400.5/21701 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/21701 |