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
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author Sène, Babacar
Mbengue, Mohamed Lamine
Allaya, Mouhamad M.
author_facet Sène, Babacar
Mbengue, Mohamed Lamine
Allaya, Mouhamad M.
author_sort Sène, Babacar
collection PubMed
description 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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spelling pubmed-74670242020-09-03 Overshooting of sovereign emerging eurobond yields in the context of COVID-19 Sène, Babacar Mbengue, Mohamed Lamine Allaya, Mouhamad M. Financ Res Lett Article 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. Elsevier Inc. 2021-01 2020-09-02 /pmc/articles/PMC7467024/ /pubmed/32901203 http://dx.doi.org/10.1016/j.frl.2020.101746 Text en © 2020 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Sène, Babacar
Mbengue, Mohamed Lamine
Allaya, Mouhamad M.
Overshooting of sovereign emerging eurobond yields in the context of COVID-19
title Overshooting of sovereign emerging eurobond yields in the context of COVID-19
title_full Overshooting of sovereign emerging eurobond yields in the context of COVID-19
title_fullStr Overshooting of sovereign emerging eurobond yields in the context of COVID-19
title_full_unstemmed Overshooting of sovereign emerging eurobond yields in the context of COVID-19
title_short Overshooting of sovereign emerging eurobond yields in the context of COVID-19
title_sort overshooting of sovereign emerging eurobond yields in the context of covid-19
topic Article
url 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
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