Determinants of the Government Bond Yield in Spain: A Loanable Funds Model
This paper applies demand and supply analysis to examine the government bond yield in Spain. The sample ranges from 1999.Q1 to 2014.Q2. The EGARCH model is employed in empirical work. The Spanish government bond yield is positively associated with the government debt/GDP ratio, the short-term Treasu...
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| Format: | Article |
| Language: | English |
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MDPI AG
2015-07-01
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| Series: | International Journal of Financial Studies |
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| Online Access: | http://www.mdpi.com/2227-7072/3/3/342 |