[PDF] Top 20 Don Quijote de la Mancha, el león y los lectores de la sociedad del conocimiento

... on bond markets, there is no formal statistical test on the nonlinearity in the bond returns being ...the linearity property of the bond ...of returns for various ... See full document

... these stationarity tests, as they are only reliable under the assumption of the linear real exchange ...the linearity of the real exchange rate, before the selection of appropriate testing procedures, to ... See full document

... in G7 government bonds even in the presence of no short selling ...maturity G7 government ...market bond indexes, even for unconstrained portfolio ...use G7 bonds of different ... See full document

... The amounts that move through the budget are transferred to account number 522, at the Bank of Italy and in the name of the Fund, by way of decrees of variation between income and expenditures, registered by the State ... See full document

... 10-year government bonds returns for "non-core countries" have seen a rapid and persistent increase of spreads level and volatility in the period fol- lowing the …nancial ...such returns and ... See full document

... Keywords: yield curve estimation, zero–coupon yields, Czech bond market, Czech National Bank, ECB JEL: C51, E43, G12.. The Czech Government bond secondary market offers an opportunity to[r] ... See full document

... excess returns is related to news of future fundamentals, ...excess returns and news about future cash-flows are about equally important drivers of variation in stock market returns on average over ... See full document

... especially bond funds – affect the pricing of local currency sovereign ...the returns of local currency bonds and the ones from foreign bond funds who actively manage their ...whose returns ... See full document

... stock returns lead the daily bond returns for Investment Grade, Aa, A, Baa, High Yield, Ba, B, and Caa rated bond ...stock returns do not lead the daily bond returns for ... See full document

... Historically, index-tracking investment managers have had limited scope to incorporate ESG factors into the investment process. However, with the advent of ESG ratings it is now possible to build investment products that ... See full document

... stock returns with the remaining ...predicted bond as a covariate is too inflexible in its functional form and needs the additional information which is still inherent in the covariates of the first step ... See full document

... Permanent repository link: http://openaccess.city.ac.uk/15053/ Link to published version: http://dx.doi.org/10.1016/j.insmatheco.2016.04.007 Copyright and reuse: City Research Online aim[r] ... See full document

... Table 1 reports descriptive statistics of US and UK treasury yields. The average US and UK yield curve is normal (upward sloping) and the short ends are more volatile than the long ends. The correlations within nation- ... See full document

... Table 5 reports the pairwise correlations between the macro-yields factors and the first eight principal components extracted from our dataset of macro variables. The factors extracted from the block-diagonal model are ... See full document

... of bond returns and the associated components of price ...a bond to changes in its ...to bond prices over a certain investment horizon, ...affect bond returns together with yield ... See full document

... both bond and stock prices should react to earnings ...the bond market than in the stock market, it is expected that bond prices will incorporate the earnings information more accurately and ... See full document

... The long run elasticities on output are always significant (t-statistics are greater than 1.96) and the estimated coefficients are again slightly larger than one in magnitude. Also, the error correction terms are ... See full document

... global government bonds continued to provide a boost to ...treasury bond, as measured by the Barclays Long Term ...safe-haven government bonds noticeably higher while driving bond yields to ... See full document

... the government budget balance as a percentage of GDP in terms of a 4-quarter moving average and is year-on-year growth in credit to households excluding ... See full document

... of government or organization that has a role to facilitate the interests of the public through an ideal organizational ...local government bureaucracy in the field of government, development and ... See full document