The Integration of the European Government Bond Market v.s. the UK

2008 ◽  
Author(s):  
Atze Folmer ◽  
Flip van Overhagen ◽  
Marijke A.M.D. van der Hoek ◽  
Tim Giesberts
Keyword(s):  
Bond Market ◽  
Government Bond ◽  
The Uk

Interdealer Trading in the UK Government Bond Market

2003 ◽  
Author(s):  
Purnendu Nath
Keyword(s):  
Bond Market ◽  
Government Bond ◽  
Uk Government ◽  
The Uk

Preferred Habitat Investors in the UK Government Bond Market

2021 ◽  
Author(s):  
Julia Giese ◽  
Michael Joyce ◽  
Jack Meaning ◽  
Jack Worlidge
Keyword(s):  
Bond Market ◽  
Government Bond ◽  
Preferred Habitat ◽  
Uk Government ◽  
The Uk

Non-Segmented Equilibria Under Differential Taxation: Evidence from the Canadian Government Bond Market

1999 ◽  
Author(s):  
Alexandra E. Mackay ◽  
Eliezer Z. Prisman ◽  
Yisong S. Tian
Keyword(s):  
Bond Market ◽  
Government Bond ◽  
Canadian Government

scholarly journals Novel market inefficiencies from early Victorian times

2017 ◽  
Vol 24 (2) ◽  
pp. 143-165 ◽  
Author(s):  
Andrew Odlyzko
Keyword(s):  
Nineteenth Century ◽  
Economic Incentives ◽  
Bond Market ◽  
Government Bond ◽  
British Government ◽  
Victorian Culture ◽  
Market Inefficiencies ◽  
Corporate Capitalism ◽  
The Government ◽  
Pricing Anomaly

A previously unknown pricing anomaly existed for a few years in the late 1840s in the British government bond market, in which the larger and more liquid of two very large bonds was underpriced. None of the published mechanisms explains this phenomenon. It may be related to another pricing anomaly that existed for much of the nineteenth century in which terminable annuities were significantly underpriced relative to so-called ‘perpetual’ annuities that dominated the government bond market. The reasons for these mispricings seem to lie in the early Victorian culture, since the basic economic incentives as well as laws and institutions were essentially the familiar modern ones. This provides new perspectives on the origins and nature of modern corporate capitalism.

PROSPECTS FOR THE DEVELOPMENT OF THE OVDP MARKET IN UKRAINE AS AN ALTERNATIVES TO EXTERNAL BORROWING

2017 ◽  
Author(s):  
Oleksandra Vіvchar ◽  
◽  
Solomiia Papirnyk ◽  
Keyword(s):  
Public Debt ◽  
Bond Market ◽  
Debt Management ◽  
Securities Market ◽  
Government Bond ◽  
Government Bonds ◽  
The Public ◽  
Long Run ◽  
External Borrowing ◽  
Domestic Economies

The article provides an applied analysis of Ukraine's public debt, in particular in the context of the feasibility of optimizing its structure. The comparison of internal and external borrowings is made, the main shortcomings and advantages of each of these ways of mobilization of financial resources are revealed. Given the hypothesis of the need to increase domestic public debt compared to external, special attention is paid to the study of the main financial instrument through which the state raises funds in the domestic market - domestic government bonds of Ukraine. The dynamics of data volumes of debt securities with an emphasis on crisis periods in both the world and domestic economies was also studied. In addition, the structure of domestic government bonds of Ukraine in circulation was considered on the basis of the owner. This made it possible to identify the main players in the domestic government bond market, as well as the motives that motivate them to increase their own portfolio of domestic government bonds of Ukraine. In order to determine the prospects for increasing the volume of output of these instruments of the Ukrainian stock market, their comparative analysis with alternative types of investments. Particular attention in this aspect is paid to the comparison of IGLBs with deposits, which today are considered the simplest, clearest and most proven way to invest money for individuals. An important role in this study is given to the analysis of key problems of the domestic government bond market, which have haunted the domestic economy since the independence of Ukraine. The main successes achieved in recent years by the Public Debt Management Office of Ukraine with the support of representatives of international financial organizations in terms of optimizing the domestic securities market are presented. The main steps that need to be taken for further real transformation of the debt securities market in Ukraine and which in the long run will reduce Ukraine's financial dependence on external creditors, in particular their requirements in the political and economic arena, are also outlined.

The dynamics of bond yields and the stock index - with an application to the UK stock and bond market

2003 ◽  
Vol 13 (5) ◽  
pp. 387-399 ◽  
Author(s):  
Jan Bo Jakobsen ◽  
Carsten S⊘rensen
Keyword(s):  
Bond Market ◽  
Stock Index ◽  
Bond Yields ◽  
The Uk

Funding Pensions in Scotland: Would Independence Matter?

2014 ◽  
Vol 227 ◽  
pp. R21-R31
Author(s):  
David Bell ◽  
David Comerford ◽  
David Eiser
Keyword(s):  
Public Debt ◽  
Government Debt ◽  
Bond Market ◽  
Liquidity Premium ◽  
Mortality Experience ◽  
Mortality Risks ◽  
Economic Issues ◽  
Scottish Government ◽  
The Uk ◽  
The Cost

Economic issues will be key determinants of the outcome of the Scottish referendum on independence. Pensions are a key element of the economic case for or against independence. The costs of funding pensions in an independent Scotland would be influenced by mortality risks, the costs of borrowing and the segmentation of costs and risks (i.e. pricing to Scotland's experience rather than pooled across UK experience). We compare the overall costs of providing pensions in an independent Scotland against the resources that are available to cover these costs. Scotland has worse mortality experience than the UK as a whole, and Scottish government debt is likely to attract a liquidity premium relative to UK government debt. An independent Scottish government would have to create a bond market for public debt. The liquidity premium would make pensions cheaper to buy, but taxpayers or the consumers of public services would have to pay the cost.

scholarly journals Sovereign risk premiums in the European government bond market

2012 ◽  
Vol 31 (5) ◽  
pp. 975-995 ◽  
Author(s):  
Kerstin Bernoth ◽  
Jürgen von Hagen ◽  
Ludger Schuknecht
Keyword(s):  
Bond Market ◽  
Government Bond ◽  
Sovereign Risk ◽  
Risk Premiums

scholarly journals Has Local Government Debt Promoted Economic Growth in developing countries? New evidence from a survey in China

2021 ◽  
Vol 235 ◽  
pp. 01014
Author(s):  
Tao Wu ◽  
Peng Zhong ◽  
Lingyue Wu
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Local Government ◽  
Local Governments ◽  
Bond Market ◽  
Smooth Transition ◽  
Government Bond ◽  
Open Market ◽  
Government Investment ◽  
Smooth Transition Regression

Based on the panel smooth transition regression (PSTR) model, this paper empirically analyzes the relationship between Chinese local government’s bond financing and economic growth, with the quarterly panel data of bonds issued by local governments and their investment and financing platform companies in the open market from 2008 to 2018 as samples. The research shows that there is a gradual non-linear relationship between local government bond market financing and economic growth in China. With the increase of the scale of local government bond market financing in China, the effect of bond market financing on economic growth will gradually decline and have a negative effect. This result means that for developing countries like China, it is not advisable to rely solely on government investment to drive economic growth.

Sign in / Sign up

Export Citation Format

Share Document