Assessing the Risks to the Japanese Government Bond (JGB) Market

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Publisher : International Monetary Fund
ISBN 13 : 1463927266
Total Pages : 19 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Assessing the Risks to the Japanese Government Bond (JGB) Market by : Mr.Waikei W. Lam

Download or read book Assessing the Risks to the Japanese Government Bond (JGB) Market written by Mr.Waikei W. Lam and published by International Monetary Fund. This book was released on 2011-12-01 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the rise in public debt, Japanese Government Bond (JGB) yields have remained low and stable, supported by steady inflows from the household and corporate sectors, high domestic ownership of JGBs, and safe-haven flows from heightened sovereign risks in Europe. Over time, however, the market's capacity to absorb new debt will likely shrink as population ages and risk appetite recovers. In the short term, a decline in fund supply from the corporate sector, where financial surpluses are abnormally high, and spillovers from global financial distress could push up JGB yields. Fiscal reforms to reduce public debt more quickly and lengthen the maturity of government bonds will help limit these risks.

The Japanese Government Bond Market

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Publisher :
ISBN 13 :
Total Pages : 170 pages
Book Rating : 4.:/5 (27 download)

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Book Synopsis The Japanese Government Bond Market by : Christopher Argyrople

Download or read book The Japanese Government Bond Market written by Christopher Argyrople and published by . This book was released on 1989 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Scarcity Effects of Quantitative Easing on Market Liquidity: Evidence from the Japanese Government Bond Market

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Publisher : International Monetary Fund
ISBN 13 : 1484353676
Total Pages : 43 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Scarcity Effects of Quantitative Easing on Market Liquidity: Evidence from the Japanese Government Bond Market by : Mr.Fei Han

Download or read book Scarcity Effects of Quantitative Easing on Market Liquidity: Evidence from the Japanese Government Bond Market written by Mr.Fei Han and published by International Monetary Fund. This book was released on 2018-05-09 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitative easing could improve market liquidity through many channels such as relaxing bank funding constraints, increasing risk appetite, and facilitating trades. However, it can also reduce market liquidity when the increase in the central bank’s holdings of certain securities leads to a scarcity of those securities and hence higher search costs in the market. Using security-level data from the Japanese government bond (JGB) market, this paper finds evidence of the scarcity (flow) effects of the Bank of Japan (BOJ)’s JGB purchases on market liquidity. Moreover, we also find evidence that such scarcity effects could dominate other effects when the share of the BOJ’s holdings exceeds certain thresholds, suggesting that the flow effects may also depend on the stock.

U.K., German and Japanese Government Bond Markets

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Publisher :
ISBN 13 :
Total Pages : 114 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis U.K., German and Japanese Government Bond Markets by : Thomas J. Urich

Download or read book U.K., German and Japanese Government Bond Markets written by Thomas J. Urich and published by . This book was released on 1991 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Coupon Effects and the Pricing of Japanese Government Bonds

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Coupon Effects and the Pricing of Japanese Government Bonds by : Young Ho Eom

Download or read book Coupon Effects and the Pricing of Japanese Government Bonds written by Young Ho Eom and published by . This book was released on 1998 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trading Patterns in the Japanese Government Bond Market

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Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (53 download)

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Book Synopsis Trading Patterns in the Japanese Government Bond Market by : Nicholas Sargen

Download or read book Trading Patterns in the Japanese Government Bond Market written by Nicholas Sargen and published by . This book was released on 1986 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Japanese Bond Markets

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Publisher : Irwin Professional Publishing
ISBN 13 :
Total Pages : 560 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Japanese Bond Markets by : Frank J. Fabozzi

Download or read book The Japanese Bond Markets written by Frank J. Fabozzi and published by Irwin Professional Publishing. This book was released on 1990 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Finance

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis International Finance by :

Download or read book International Finance written by and published by . This book was released on 1988 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Duration and immunization

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Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.:/5 (147 download)

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Book Synopsis Duration and immunization by : Hisatsugu Murozono

Download or read book Duration and immunization written by Hisatsugu Murozono and published by . This book was released on 1986 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Quantitative Easing and Liquidity in the Japanese Government Bond Market

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (962 download)

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Book Synopsis Quantitative Easing and Liquidity in the Japanese Government Bond Market by : Kentaro Iwatsubo

Download or read book Quantitative Easing and Liquidity in the Japanese Government Bond Market written by Kentaro Iwatsubo and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Note on the Estimation of Japanese Government Bond Yield Curves

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis A Note on the Estimation of Japanese Government Bond Yield Curves by : Nobuyuki Oda

Download or read book A Note on the Estimation of Japanese Government Bond Yield Curves written by Nobuyuki Oda and published by . This book was released on 1996 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Conflict in the Elite

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Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Conflict in the Elite by : James Horne

Download or read book Conflict in the Elite written by James Horne and published by . This book was released on 1984 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Coupon Effects and the Pricing of Japanese Government Bonds

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Coupon Effects and the Pricing of Japanese Government Bonds by : Young Ho Eom

Download or read book Coupon Effects and the Pricing of Japanese Government Bonds written by Young Ho Eom and published by . This book was released on 2009 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many markets, the term structure of interest rates implied by coupon Treasury bonds provides a key input for pricing and hedging interest rate-sensitive securities. Previous studies in the Japanese market, however, suggest that the prices of the Japanese Government Bonds (JGB's) were significantly affected modelling in the Japanese context bases on interest rate factors could leave to misleading results. Since the previous studies, there have been significant structural changes in the regulatory environment, and in the liquidity of the Japanese bond market in the 1990's. In this light, we examine the effect of these changes on the JGB prices during the period between 1990 and 1996, by analyzing the term structure of interest rates in the JGB market over time. Specifically, we use the B-spline method to fit the term structure of interest rates using weekly prices of quot;non-benchmarkquot; ten-year JGB's. We also use a non-linear econometric model to examine the significance of the quot;couponquot; effects, which are the results of regulatory, accounting and liquidity factors.

Japanese Government-related Organization Bond Market

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Publisher :
ISBN 13 :
Total Pages : 162 pages
Book Rating : 4.:/5 (212 download)

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Book Synopsis Japanese Government-related Organization Bond Market by : Yiu Cheong Chan

Download or read book Japanese Government-related Organization Bond Market written by Yiu Cheong Chan and published by . This book was released on 1989 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Guide to Japanese Government Bond

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Publisher :
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis Guide to Japanese Government Bond by :

Download or read book Guide to Japanese Government Bond written by and published by . This book was released on 2004 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Liquidity as a Choice Variable

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Publisher :
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.:/5 (265 download)

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Book Synopsis Liquidity as a Choice Variable by : Jacob Boudoukh

Download or read book Liquidity as a Choice Variable written by Jacob Boudoukh and published by . This book was released on 1992 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Maturity Structure and Supply Factors in Japanese Government Bond Markets

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Publisher :
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (915 download)

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Book Synopsis Maturity Structure and Supply Factors in Japanese Government Bond Markets by : Ichiro Fukunaga

Download or read book Maturity Structure and Supply Factors in Japanese Government Bond Markets written by Ichiro Fukunaga and published by . This book was released on 2015 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: