Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19718Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Schulz, Alexander | - |
| dc.creator | Wolff, Guntram B. | - |
| dc.date | 2008 | - |
| dc.date.accessioned | 2013-10-16T07:06:29Z | - |
| dc.date.available | 2013-10-16T07:06:29Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19718 | - |
| dc.identifier | ppn:559687168 | - |
| dc.identifier | RePEc:zbw:bubdp1:7117 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19718 | - |
| dc.description | The paper presents a comprehensive data set of all bonds issued by the sixteen German states (L¨ander) since 1992. It thus provides a complete picture of a capital market comparable in size to funds raised in the German fixed income market for corporations. The quantitative analysis reveals that L¨ander follow different issuing strategies: while some concentrate to a greater extend on large issues or issue joint bonds with other L¨ander (Jumbos), others rely more on comparatively small but frequent issues. Moreover, some L¨ander issue a significant volume-share of their bonds in foreign currencies. Suitable bonds are used to compute yields for the respective L¨ander at a daily frequency. In addition, we construct a measure of liquidity based on the standard deviation of yields of those bonds that are used to compute the average yield. | - |
| dc.language | eng | - |
| dc.relation | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2008,06 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | G18 | - |
| dc.subject | E43 | - |
| dc.subject | G12 | - |
| dc.subject | G10 | - |
| dc.subject | H74 | - |
| dc.subject | H63 | - |
| dc.subject | E44 | - |
| dc.subject | ddc:330 | - |
| dc.subject | sovereign bond market | - |
| dc.subject | yields | - |
| dc.subject | liquidity | - |
| dc.subject | fiscal federalism | - |
| dc.subject | Germany | - |
| dc.subject | Öffentliche Anleihe | - |
| dc.subject | Rentenmarkt | - |
| dc.subject | Teilstaat | - |
| dc.subject | Zinsstruktur | - |
| dc.subject | Risikoprämie | - |
| dc.subject | Marktliquidität | - |
| dc.subject | Deutschland | - |
| dc.title | The German sub-national government bond market: evolution, yields and liquidity | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.