Academic Journal
Long-run movement and predictability of bond spread for BRICS and PIIGS : the role of economic, financial and political risks#
| العنوان: | Long-run movement and predictability of bond spread for BRICS and PIIGS : the role of economic, financial and political risks# |
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| المؤلفون: | Chow, Sheung-Chi, Gupta, Rangan, Suleman, Tahir, Wong, Wing-Keung |
| بيانات النشر: | Lifescience Global |
| سنة النشر: | 2019 |
| المجموعة: | University of Pretoria: UPSpace |
| مصطلحات موضوعية: | Country risk, Bond spread, Linear and nonlinear granger causality, Co-movement, Predictability, Brazil, Russia, India, China and South Africa (BRICS), Portugal, Italy, Ireland, Greece, and Spain (PIIGS), Economic risk, Political risk, Financial risk |
| الوصف: | We examine co-movement and predictability of Bond Spread of BRICS and PIIGS with respect to political risk (PR), financial risk (FR), and economic risk (ER). Our linear Granger causality findings imply that PR is the most important risk in predicting bond spread, followed by ER in both BRICS and in PIIGS, while FR is useful in predicting bond spread in BRICS only. Our nonlinear individual causality results infer that ER is the most important risk in predicting bond spread, followed by FR, and PR. We make a conjecture that linear and nonlinear causality are independent and our findings support this. ; Asia University, China Medical University Hospital, Hang Seng University of Hong Kong, Research Grants Council (RGC) of Hong Kong and Ministry of Science and Technology, Taiwan. ; https://www.lifescienceglobal.com/independent-journals/journal-of-reviews-on-global-economics ; am2021 ; Economics |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| تدمد: | 1929-7092 |
| Relation: | http://hdl.handle.net/2263/79007; Chow, S.-C., Gupta, R., Suleman, T. et al. 2019, 'Long-run movement and predictability of bond spread for BRICS and PIIGS : the role of economic, financial and political risks#', Journal of Reviews on Global Economics, vol. 8, pp. 239-257. |
| DOI: | 10.6000/1929-7092.2019.08.21 |
| الاتاحة: | http://hdl.handle.net/2263/79007 https://doi.org/10.6000/1929-7092.2019.08.21 |
| Rights: | © 2019 Lifescience Global. This is an opn access article licensed under the terms of the Creative Commons Attribution Non-commercial License. |
| رقم الانضمام: | edsbas.AEDE457F |
| قاعدة البيانات: | BASE |
| تدمد: | 19297092 |
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| DOI: | 10.6000/1929-7092.2019.08.21 |