- Supply of Sovereign Safe Assets and Global Interest Rates🔍
- Determinants of global neutral interest rates🔍
- The Safe Assets Shortage Conundrum🔍
- The Fiscal and Financial Risks of a High|Debt🔍
- Quantitative Easing and the Supply of Safe Assets🔍
- Global safe assets🔍
- Dangerous liaisons🔍
- Risk|Free Rates and Convenience Yields Around the World🔍
Supply of Sovereign Safe Assets and Global Interest Rates
Supply of Sovereign Safe Assets and Global Interest Rates
Please cite this paper as: Ferreira, Thiago, and Samer Shousha (2021). “Supply of Sovereign Safe Assets and Global. Interest Rates,” International Finance ...
The Fed - Supply of Sovereign Safe Assets and Global Interest Rates
Supply of Sovereign Safe Assets and Global Interest Rates ... Abstract: We estimate that the supply of sovereign safe assets is a major driver of ...
Supply of Sovereign Safe Assets and Global Interest Rates
Abstract. We estimate that the supply of sovereign safe assets is a major driver of neutral interest rates--real rates consistent with both economic activity ...
Supply of Sovereign Safe Assets and Global Interest Rates
We estimate that the supply of sovereign safe assets is a major driver of neutral interest rates--real rates consistent with both economic ...
Determinants of global neutral interest rates - ScienceDirect.com
Our model estimates that fluctuations in the safe asset supply account for an average of 26% of the variance of neutral rates across countries. Moreover, the ...
Supply of Sovereign Safe Assets and Global Interest Rates
We estimate that the supply of sovereign safe assets is a major driver of neutral interest rates—real rates consistent with both economic activity and ...
Supply of Sovereign Safe Assets and Global Interest Rates
Wednesday, December 29, 2021. Supply of Sovereign Safe Assets and Global Interest Rates. Samer ...
The Safe Assets Shortage Conundrum
The signature of this growing shortage is a steady increase in the price of safe assets; equivalently, global safe interest rates must decline, as has been the ...
The Fiscal and Financial Risks of a High-Debt, Slow-Growth World
Persistently higher interest rates raise the cost of servicing debt, adding to fiscal pressures and posing risks to financial stability.
Hence, in light of the very low interest rate levels prevailing in all four countries at the time of the. ECB's QE operations, the safety premium represents a ...
Supply of Sovereign Safe Assets and Global Interest Rates - YouTube
Supply of Sovereign Safe Assets and Global Interest Rates · Banco Central de Chile · Demographics, Wealth, and Global Imbalances in the Twenty- ...
Global safe assets - Bank for International Settlements
... supply of safe assets is a decrease in real interest rates. While this ... sovereign bonds played as useful role as a hedging vehicle for interest rate risks.
Dangerous liaisons: Debt supply and convenience yield spillovers in ...
In advanced economies, sovereign bond interest rates are low, in part because they command a 'convenience yield' premium driven by the strong ...
This convenience yield shows how much interest investors forgo to hold the safe asset relative to an investment with identical payoffs. It is inferred only from ...
equilibrium, the US issues external debt at low interest rates and invests in other foreign ... global safe assets, with safe-asset supply in the market ...
On the Role of Safe Asset Shortages in Secular Stagnation
acute shortage at the onset of the Global Crisis, pushing real interest rates down to new ... and decreases in the supply of safe assets push down the natural ...
The Supply and Demand for Safe Assets
81): ”Prior to the crisis, global current account imbalances encouraged safe asset purchases by official reserve managers and sovereign wealth funds.” 6. Page 9 ...
Determinants of global neutral interest rates - IDEAS/RePEc
We find two main results: safe asset supply is a major determinant of neutral rates, with its positive contribution since 2008 counteracting negative ...
Demand for Sovereign Safe Assets - IMF Connect
In other words, supply of systemic safe assets by governments may have increased the ... Global trends in interest rates. Journal of International ...
The Safe Assets Shortage Conundrum
arbitrarily large as interest rates fall to zero, increasing the supply of assets and eliminating any asset shortage. 5 According to the IMF World Economic ...