| 000 | 02560cam a22004697a 4500 | ||
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| 001 | w30477 | ||
| 003 | NBER | ||
| 005 | 20221003151013.0 | ||
| 006 | m o d | ||
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| 008 | 221003s2022 mau fo 000 0 eng d | ||
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_aMaCbNBER _beng _cMaCbNBER |
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| 100 | 1 |
_aAizenman, Joshua. _94613 |
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| 245 | 1 | 0 |
_aEffect of Macroprudential Policies on Sovereign Bond Markets: _bEvidence from the ASEAN-4 Countries / _cJoshua Aizenman, Gazi Salah. Uddin, Tianqi Luo, Ranadeva Jayasekera, Donghyun Park. |
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_aCambridge, Mass. _bNational Bureau of Economic Research _c2022. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w30477 |
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| 500 | _aSeptember 2022. | ||
| 520 | 3 | _aThis paper examines whether prudential policies help to reduce sovereign bond vulnerability to global spillover risk in ASEAN-4 countries (Indonesia, Malaysia, the Philippines, and Thailand). We measure sovereign vulnerability within a risk connectedness 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. The sum of indirect and direct effects indicates that prudential policies reduce sovereign spillover risk in the long term. These findings suggest prudential policies have dual efficiency in sovereign risk regulation and Treasury internationalization. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aMonetary Policy _2jelc |
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| 650 | 7 |
_aMonetary Policy _2jelc |
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_aE52 _2jelc |
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| 690 | 7 |
_aCentral Banks and Their Policies _2jelc |
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| 650 | 7 |
_aCentral Banks and Their Policies _2jelc |
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_aE58 _2jelc |
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| 690 | 7 |
_aInternational Policy Coordination and Transmission _2jelc |
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| 650 | 7 |
_aInternational Policy Coordination and Transmission _2jelc |
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_aF42 _2jelc |
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| 700 | 1 | _aUddin, Gazi Salah. | |
| 700 | 1 | _aLuo, Tianqi. | |
| 700 | 1 | _aJayasekera, Ranadeva. | |
| 700 | 1 | _aPark, Donghyun. | |
| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w30477. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w30477 |
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_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w30477 |
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_2ddc _cW-PAPER |
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_c390150 _d348712 |
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