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Analisis Perilaku Indikator Debt Market

This paper analyze the debt market, focusing on the behavior of soverign yield and Credit Default Swap (CDS). We build several empirical models to test the factors determine these two indicators and apply them using the Indonesian and peers data. The result confirm the significance impact of foreign reserves and VIX index on the bond yield in Indonesia and its peers country. On the composite sovereign bond, the result shows that the real effective exchange rate (REER) and the debt service ratio (DSR) significantly affect the yield, while on the corporate bond yield, the significant explanatory variables are return on equity (ROE), inflation, the current ratio (CR) and net profit margin (NPM). However, there is an anomaly where the impact of the last two variables (CR and NPM) are contrary to the theory..Printed journal

Ketersediaan

Call NumberLocationAvailable
BEMP1303PSB lt.dasar - Pascasarjana1
Penerbit Direktorat Riset Ekonomi dan Kebijakan Moneter, Bank Indonesia.,
Edisi -
Subjek Risk
Bond
Yield
Sovereign
Debt market
Corporate fundamentals
ISBN/ISSN 14018046
Klasifikasi -
Deskripsi Fisik -
Info Detail Spesifik -
Other Version/Related Tidak tersedia versi lain
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