Overshooting of sovereign emerging eurobond yields in the context of COVID-19

This paper illustrates the phenomenon of overshooting yields on eurobonds issued by emerging and developing countries in the context of COVID-19. Using panel data from 48 emerging and developing countries, the results show that daily reports of confirmed cases have led to increases in yields and ann...

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Detalles Bibliográficos
Autores principales: Sène, Babacar, Mbengue, Mohamed Lamine, Allaya, Mouhamad M.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7467024/
https://www.ncbi.nlm.nih.gov/pubmed/32901203
http://dx.doi.org/10.1016/j.frl.2020.101746
Descripción
Sumario:This paper illustrates the phenomenon of overshooting yields on eurobonds issued by emerging and developing countries in the context of COVID-19. Using panel data from 48 emerging and developing countries, the results show that daily reports of confirmed cases have led to increases in yields and announcements of international creditor assistance to developing and emerging countries, which have calmed investor concerns.

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