Journal
FINANCE RESEARCH LETTERS
Volume 38, Issue -, Pages -Publisher
ACADEMIC PRESS INC ELSEVIER SCIENCE
DOI: 10.1016/j.frl.2020.101746
Keywords
Overshooting; COVID-19; Yields to maturity; Emerging markets; Eurobonds; Announcements from international official creditors
Categories
Ask authors/readers for more resources
This paper explores the overshooting yields on eurobonds issued by emerging and developing countries in the context of COVID-19. The results show that increases in confirmed cases lead to higher yields, while announcements of international creditor assistance calm investor concerns.
This paper illustrates the phenomenon of overshooting yields on eurobonds issued by emerging and developing countries in the context of COVID-19. Using panel data from 48 emerging and developing countries, the results show that daily reports of confirmed cases have led to increases in yields and announcements of international creditor assistance to developing and emerging countries, which have calmed investor concerns.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available