6533b86cfe1ef96bd12c801d
RESEARCH PRODUCT
Efficiency in the eurobond market: application of nonparametric techniques
María Bonilla-musolesMa Luisa Martí-selvaLeandro García-menéndezsubject
Interest rate riskEconomics and EconometricsPrimary marketSwap (finance)Financial economicsIssuerEurobondEconomicsEconometricsNonparametric statisticsDynamic efficiencyFinancedescription
The aim of this article is to analyse the efficiency of eurobond issuers within the primary market, from 1995 to 2000. The study includes a reference to theoretical discussion and to the methodology used; detailed explanation of the variables considered which, in order to supplement those strictly financial, include others such as spread from Interest Rate Risk (IRR) and respective swap; rating, duration and size; and macroeconomic fundamentals of the issuer country. Results and conclusions obtained from the static and dynamic efficiency analyses are then illustrated and discussed.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2007-03-01 | Applied Financial Economics |