Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios?
- Autores
- Hatcherian, Georges
- Año de publicación
- 2012
- Idioma
- inglés
- Tipo de recurso
- tesis de maestría
- Estado
- versión corregida
- Colaborador/a o director/a de tesis
- Warnes, Ignacio
- Descripción
- Fil: Hatcherian, Georges. Universidad de San Andrés. Escuela de Administración y Negocios; Argentina.
When successfully executed, inflation targeting (IT) has managed to prevent situations of fiscal dominance and to anchor inflation expectations. This has helped enhance the information content of the price of government bonds and the perception of sovereign risk, thus adding resiliency to sovereign spreads. The paper assesses the resilience of sovereign spreads of IT economies to shocks and compares with those of countries with other policy frameworks. I conclude that, while in the short term sovereign spreads of IT economies are more resilient to macroeconomic volatilities, they tend to widen in the long run after the shock occurs anyway, independently of the monetary policy framework. - Materia
-
Government securities -- Econometric models.
Inflation (Finance) -- Econometric models.
Títulos públicos -- Modelos econométricos.
Inflación (Finanzas) -- Modelos econométricos. - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- https://creativecommons.org/licenses/by-nc-nd/4.0/
- Repositorio
- Institución
- Universidad de San Andrés
- OAI Identificador
- oai:repositorio.udesa.edu.ar:10908/2727
Ver los metadatos del registro completo
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Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios?Hatcherian, GeorgesGovernment securities -- Econometric models.Inflation (Finance) -- Econometric models.Títulos públicos -- Modelos econométricos.Inflación (Finanzas) -- Modelos econométricos.Fil: Hatcherian, Georges. Universidad de San Andrés. Escuela de Administración y Negocios; Argentina.When successfully executed, inflation targeting (IT) has managed to prevent situations of fiscal dominance and to anchor inflation expectations. This has helped enhance the information content of the price of government bonds and the perception of sovereign risk, thus adding resiliency to sovereign spreads. The paper assesses the resilience of sovereign spreads of IT economies to shocks and compares with those of countries with other policy frameworks. I conclude that, while in the short term sovereign spreads of IT economies are more resilient to macroeconomic volatilities, they tend to widen in the long run after the shock occurs anyway, independently of the monetary policy framework.Universidad de San Andrés. Escuela de Administración y Negocios.Warnes, Ignacio2014-11-04T12:32:50Z2014-11-04T12:32:50Z2012-09Tesisinfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/updatedVersionhttp://purl.org/coar/resource_type/c_bdccinfo:ar-repo/semantics/tesisDeMaestriaapplication/pdfapplication/pdfHatcherian, G. (2012). Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios?. [Tesis de maestría, Universidad de San Andrés. Escuela de Administración y Negocios.]. Repositorio Digital San Andrés. http://hdl.handle.net/10908/2727Tesis M. Fin. 46http://hdl.handle.net/10908/2727enginfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/4.0/reponame:Repositorio Digital San Andrés (UdeSa)instname:Universidad de San Andrés2025-09-04T11:15:32Zoai:repositorio.udesa.edu.ar:10908/2727instacron:Universidad de San AndrésInstitucionalhttp://repositorio.udesa.edu.ar/jspui/Universidad privadaNo correspondehttp://repositorio.udesa.edu.ar/oai/requestmsanroman@udesa.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:23632025-09-04 11:15:32.805Repositorio Digital San Andrés (UdeSa) - Universidad de San Andrésfalse |
dc.title.none.fl_str_mv |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
spellingShingle |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? Hatcherian, Georges Government securities -- Econometric models. Inflation (Finance) -- Econometric models. Títulos públicos -- Modelos econométricos. Inflación (Finanzas) -- Modelos econométricos. |
title_short |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title_full |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title_fullStr |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title_full_unstemmed |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
title_sort |
Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios? |
dc.creator.none.fl_str_mv |
Hatcherian, Georges |
author |
Hatcherian, Georges |
author_facet |
Hatcherian, Georges |
author_role |
author |
dc.contributor.none.fl_str_mv |
Warnes, Ignacio |
dc.subject.none.fl_str_mv |
Government securities -- Econometric models. Inflation (Finance) -- Econometric models. Títulos públicos -- Modelos econométricos. Inflación (Finanzas) -- Modelos econométricos. |
topic |
Government securities -- Econometric models. Inflation (Finance) -- Econometric models. Títulos públicos -- Modelos econométricos. Inflación (Finanzas) -- Modelos econométricos. |
dc.description.none.fl_txt_mv |
Fil: Hatcherian, Georges. Universidad de San Andrés. Escuela de Administración y Negocios; Argentina. When successfully executed, inflation targeting (IT) has managed to prevent situations of fiscal dominance and to anchor inflation expectations. This has helped enhance the information content of the price of government bonds and the perception of sovereign risk, thus adding resiliency to sovereign spreads. The paper assesses the resilience of sovereign spreads of IT economies to shocks and compares with those of countries with other policy frameworks. I conclude that, while in the short term sovereign spreads of IT economies are more resilient to macroeconomic volatilities, they tend to widen in the long run after the shock occurs anyway, independently of the monetary policy framework. |
description |
Fil: Hatcherian, Georges. Universidad de San Andrés. Escuela de Administración y Negocios; Argentina. |
publishDate |
2012 |
dc.date.none.fl_str_mv |
2012-09 2014-11-04T12:32:50Z 2014-11-04T12:32:50Z |
dc.type.none.fl_str_mv |
Tesis info:eu-repo/semantics/masterThesis info:eu-repo/semantics/updatedVersion http://purl.org/coar/resource_type/c_bdcc info:ar-repo/semantics/tesisDeMaestria |
format |
masterThesis |
status_str |
updatedVersion |
dc.identifier.none.fl_str_mv |
Hatcherian, G. (2012). Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios?. [Tesis de maestría, Universidad de San Andrés. Escuela de Administración y Negocios.]. Repositorio Digital San Andrés. http://hdl.handle.net/10908/2727 Tesis M. Fin. 46 http://hdl.handle.net/10908/2727 |
identifier_str_mv |
Hatcherian, G. (2012). Do sovereign bond spreads in inflation targeting economies reflect creditworthiness and anticipate stress scenarios?. [Tesis de maestría, Universidad de San Andrés. Escuela de Administración y Negocios.]. Repositorio Digital San Andrés. http://hdl.handle.net/10908/2727 Tesis M. Fin. 46 |
url |
http://hdl.handle.net/10908/2727 |
dc.language.none.fl_str_mv |
eng |
language |
eng |
dc.rights.none.fl_str_mv |
info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ |
eu_rights_str_mv |
openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by-nc-nd/4.0/ |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
Universidad de San Andrés. Escuela de Administración y Negocios. |
publisher.none.fl_str_mv |
Universidad de San Andrés. Escuela de Administración y Negocios. |
dc.source.none.fl_str_mv |
reponame:Repositorio Digital San Andrés (UdeSa) instname:Universidad de San Andrés |
reponame_str |
Repositorio Digital San Andrés (UdeSa) |
collection |
Repositorio Digital San Andrés (UdeSa) |
instname_str |
Universidad de San Andrés |
repository.name.fl_str_mv |
Repositorio Digital San Andrés (UdeSa) - Universidad de San Andrés |
repository.mail.fl_str_mv |
msanroman@udesa.edu.ar |
_version_ |
1842344454721110016 |
score |
12.623145 |