The Dynamic Relationship between Bond Prices and Interest Rates：Empirical Evidence for the Five PIIGS of European Union

碩士 === 大葉大學 === 管理學院碩士在職專班 === 100 === In this paper we explore the relationship between 3,5 and10-year bond prices and interest rates among the PIIGS of European Union. Monthly data are obtained from IMF database, which spanned from 1999:10 to 2010:12. We utilize the panel unit root, and a panel ve...

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Main Authors:	Liu,Ching, 劉璟
Other Authors:	Liang,Chin-Chia
Format:	Others
Language:	zh-TW
Published:	2012
Online Access:	http://ndltd.ncl.edu.tw/handle/25581314846206477856

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spelling	ndltd-TW-100DYU011211002015-10-13T20:46:53Z http://ndltd.ncl.edu.tw/handle/25581314846206477856 The Dynamic Relationship between Bond Prices and Interest Rates：Empirical Evidence for the Five PIIGS of European Union 探討債券價格與利率之動態關聯性分析：以歐盟五豬為例 Liu,Ching 劉璟碩士大葉大學管理學院碩士在職專班 100 In this paper we explore the relationship between 3,5 and10-year bond prices and interest rates among the PIIGS of European Union. Monthly data are obtained from IMF database, which spanned from 1999:10 to 2010:12. We utilize the panel unit root, and a panel vector autoregression methodology to study the dynamic relationship between bond prices and interest Rates. Our finding suggests that the impact of interest rates shocks have significantly negative effect on the bond market . We provide some policy implications that can be used us guiding tools for monetary policy and investment decision. Liang,Chin-Chia Su,Chi-Wei 梁晉嘉蘇志偉 2012 學位論文 ; thesis 61 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 大葉大學 === 管理學院碩士在職專班 === 100 === In this paper we explore the relationship between 3,5 and10-year bond prices and interest rates among the PIIGS of European Union. Monthly data are obtained from IMF database, which spanned from 1999:10 to 2010:12. We utilize the panel unit root, and a panel vector autoregression methodology to study the dynamic relationship between bond prices and interest Rates. Our finding suggests that the impact of interest rates shocks have significantly negative effect on the bond market . We provide some policy implications that can be used us guiding tools for monetary policy and investment decision.
author2	Liang,Chin-Chia
author_facet	Liang,Chin-Chia Liu,Ching 劉璟
author	Liu,Ching 劉璟
spellingShingle	Liu,Ching 劉璟 The Dynamic Relationship between Bond Prices and Interest Rates：Empirical Evidence for the Five PIIGS of European Union
author_sort	Liu,Ching
title	The Dynamic Relationship between Bond Prices and Interest Rates：Empirical Evidence for the Five PIIGS of European Union
title_short	The Dynamic Relationship between Bond Prices and Interest Rates：Empirical Evidence for the Five PIIGS of European Union
title_full	The Dynamic Relationship between Bond Prices and Interest Rates：Empirical Evidence for the Five PIIGS of European Union
title_fullStr	The Dynamic Relationship between Bond Prices and Interest Rates：Empirical Evidence for the Five PIIGS of European Union
title_full_unstemmed	The Dynamic Relationship between Bond Prices and Interest Rates：Empirical Evidence for the Five PIIGS of European Union
title_sort	dynamic relationship between bond prices and interest rates：empirical evidence for the five piigs of european union
publishDate	2012
url	http://ndltd.ncl.edu.tw/handle/25581314846206477856
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The Dynamic Relationship between Bond Prices and Interest Rates：Empirical Evidence for the Five PIIGS of European Union

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