Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 71 for “"Bond market"”.
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Long memory in bond market returns: a test of weak-form efficiency in Botswana's bond market
… examines the efficiency of Botswana's bond market. It focuses on the properties of the return and volatility of the Fleming Asset Bond Index (the main aggregate fixed income benchmark index in Botswana) over the period September 2009 to May 2019. The weak-form version of efficient …
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PhD thesis on liquidity of bond market
… and theoretical studies on the liquidity of bond markets. In the first study, we present an extended model for the estimation of the effective bid-ask spread that improves the existing models and offers a new direction of generalisation. The quoted bid-ask spread represents the prices …
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The Floating Charge in Canadian Bond Market
Made available in DSpace on 2014-12-11T23:19:46Z (GMT). No. of bitstreams: 1 7206929.pdf: 8654083 bytes, checksum: f43a08a3b35a0543ba791be58b1962d9 (MD5) Previous issue date: 1971
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Rational expectations, money announcements, and the bond market
… predictions" or announcements do not affect markets since no new information is provided. This paper examines the question of whether money supply announcements provide new information to the bond market, suggesting a possible information advantage on the part of the Federal Reserve Board. …
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A critical assessment of the South African bond market
… of its local‐currency, so‐called domestic, bond market. Whilst South Africa had the deepest financial market in Sub‐Saharan Africa it also had one of the shallowest domestic bond markets, until 2009. This changed with the rapid bond issuances by the national government as a means to fund its …
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Optimal Bond Refunding: Evidence From the Municipal Bond Market
… decisions employed by issuers of tax-exempt bonds. Callable bonds contain embedded call options by virtue of provisions in bond indentures that permit the issuing firm to buy back the bond at a predetermined strike price. Such an embedded American call option has two components to its value, …
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Determinants of Bond Market Development in Emerging and Developing Economies
<p>A study of local currency bond market development determinants in Emerging Market Economies (EMEs) is considered important when most EMEs and developing countries are shifting from issuing long-term debt securities in foreign currency denominations to their respective local currencies. This …
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Non-Life Insurance Company Activity in the Municipal Bond Market
Made available in DSpace on 2014-12-11T23:19:49Z (GMT). No. of bitstreams: 1 7310085.pdf: 5484448 bytes, checksum: d735bf6fe83b713ad0025220644c7487 (MD5) Previous issue date: 1972
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Value-add in technical analysis on the JSE Bond Market
Trading on the JSE Bond Market is still done in an archaic fashion when compared to the highly digitalised trading done within the equities markets in South Africa, indicating there is less market efficiency within bond trading. Technical analysis relies on market inefficiencies to achieve an …
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Exploring green bond market systems in Nigeria and South Africa
The green bond (“GB”) market has emerged as a promising mechanism for mobilising capital towards sustainable and climate-resilient infrastructure projects. However, despite global growth in GB adoption, the take up of GBs in African markets remains low. This dissertation explores the green bond …
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Bid-Ask Spread Modelling in the South African Bond Market
… spread estimates of South African government bonds over a single year, using the models of De Jong and Rindi (2009) and Huang and Stoll (1997). This dissertation tests the effectiveness of both models by comparing the modelled equity spread estimates against the actual equity spread estimates. …
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ESSAYS ON RETURN PREDICTABILITY IN EQUITY MARKET AND CORPORATE BOND MARKET
… with short interest ratio in the equity market. Specifcally, I investigate the relation between short-selling activity and expected returns for stocks with different ratings to assess the implications of fnancial distress. I fnd that the predictive power of short interest is concentrated …
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The impact of news on the South African sovereign bond market
… to investigate how the South African sovereign bond yield curve react to headline news. Abnormal return dates in the zero-coupon yields are identified using GARCH models on the daily return series and news items that are classified into categories using supervised machine learning. A regression …
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Is free riding affecting market discipline in the Euro sovereign bond market?
… Pact (SGP) has affected the Euro sovereign bond markets and its ability to enforce market discipline. To date 7 of the 11 member states of the Euro zone have violated the principles of this pact, and yet the bond market has shown little appetite to punish those with high deficits and …
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Implementing a filtered term structure model in the South African bond market
A key feature of the local bond market is that trade is concentrated in a few liquid government bonds. We review and implement the filtered term structure model proposed by Gombani, Jaschke and Runggaldier that defines an arbitrage free pricing system that is consistent with liquid bond prices. The …
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Modelling Term and Inflation Risk Premia in the South African Bond Market
… has been used to estimate the term premium of bond yields. Early attempts include linear regression models, such as those of Fama and Bliss (1987) and Cochrane and Piazzesi (2005), but these have been shown to be inconsistent and lacking in robustness (Kim and Orphanides (2007)). Affine term …
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An analysis of the municipal bond market, factors influencing municipal bond participation
Thesis. 1977. M.C.P.--Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.
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The effect of exchange rate volatility on bond market development in emerging markets
… the effect of exchange rate volatility on bond market development in 13 emerging markets for the period 2000 to 2020 as well as whether the investor base moderates the relationship between exchange rate volatility and bond market development for the period 2004 to 2020. Using a panel data …
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The evaluation of the factors influencing corporate bond market development. Summary of doctoral dissertation /
… in the euro area). One of them is corporate bonds. The favor of this instrument in the market has grown after the financial market crisis in 2008 and moratoria of its players. Since 2009, corporate bond market faces its every year growth by almost 2 per cent in Europe, extends the GDP of US. …
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Cross border investment in Asean+3: A gravity model approach to Asian bond market
… the thesis studies the determinants of bilateral bond holdings in Asean+3. Financial sector development, macroeconomic factors, institution qualities and human capital are found to be significant factors that influence the level of bond holdings in the region. Capital control, in both host and …
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