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Determinants of sovereign bond yields in emerging economies: Some panel inferences

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Listed:
  • Sri Hari NAIDU. A

    (National Institute of Public Finance and Policy, India)

  • Phanindra GOYARI

    (University of Hyderabad, India)

  • Bandi KAMAIAH

    (University of Hyderabad, India)

Abstract

In the backdrop of International financial crisis, debt markets across the globe became highly volatile, highly contagious and pose a high risk to advanced as well as emerging economies. In this regard, the study tries to identify the proximate determinants of sovereign bond yields in emerging economies from 1980 to 2013. The empirical results of Pedroni panel cointegration tests and dynamic ordinary least squares (DOLS) tests show that the factors like exchange rate, federal reserve rate, oil price, US bond yield, gold price and real interest rate are the proximate determinants of the emerging economies' bond yields.

Suggested Citation

  • Sri Hari NAIDU. A & Phanindra GOYARI & Bandi KAMAIAH, 2016. "Determinants of sovereign bond yields in emerging economies: Some panel inferences," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(608), A), pages 101-118, Autumn.
    • Handle: RePEc:agr:journl:v:xxiii:y:2016:i:3(608):p:101-118
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    1. Yelkesen, OÄŸuzhan, 2022. "The Dynamic Link between Bond Spreads and Fiscal Indicators: An Empirical Investigation of Turkey," Asian Journal of Applied Economics, Kasetsart University, Center for Applied Economics Research, vol. 29(2).

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