How Long to Read Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies
By Mr.Serkan Arslanalp
How Long Does it Take to Read Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies?
It takes the average reader and 33 minutes to read Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies by Mr.Serkan Arslanalp
Assuming a reading speed of 250 words per minute. Learn more
Description
Asset allocation decisions of international investors are at the core of capital flows. This paper explores the impact of these decisions on long-term government bond yields, using a quarterly investor base dataset for 22 advanced economies over 2004-2012. We find that a one percentage point increase in the share of government debt held by foreign investors can explain a 6-10 basis point reduction in long-term sovereign bond yields over the sample period. Accordingly, international flows to core advanced economy bond markets over 2008-12 are estimated to have reduced 10-year government bond yields by 40-65 basis points in Germany, 20-30 basis points in the U.K., and 35-60 basis points in the U.S. In contrast, foreign outflows are estimated to have raised 10-year government bond yields by 40-70 basis points in Italy and 110-180 basis points in Spain during the same period. Our results suggest that the divergence in long-term bond yields between core and periphery economies in the euro area may continue unless the “normalization” of macroeconomic determinants of bond yields is accompanied by a similar “normalization” of the foreign investor base.
How long is Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies?
Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies by Mr.Serkan Arslanalp is 33 pages long, and a total of 8,349 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
How Long Does it Take to Read Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 45 minutes to read Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies aloud.
What Reading Level is Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies?
Foreign Investor Flows and Sovereign Bond Yields in Advanced Economies is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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