| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089102 | Journal of Banking & Finance | 2013 | 16 Pages |
Abstract
⺠We develop a macro-finance model for Brazilian economy and its sovereign bonds. ⺠We find common trends in the US and Brazilian economies and bond markets. ⺠The Brazilian confidence factor dominates the spreads' behavior during the crisis. ⺠The confidence factor has a powerful effect on the volatility of macro-variables.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Zhuoshi Liu, Peter Spencer,