{"title":"请注意价差。新冠疫情期间主权违约风险对亚洲新兴经济体债券投资组合流动的影响","authors":"J. o, W. Wan","doi":"10.2139/ssrn.3711145","DOIUrl":null,"url":null,"abstract":"This paper examines the impact of COVID-19 pandemic on bond portfolio flows in Asian emerging market economies. We show that the outbreak of COVID-19 pandemic magnified the impact of sovereign default risk on bond portfolio outflows, it also leaded to a higher volatility of bond portfolio flows in longer term. This finding suggests that proper sovereign credit risk management might be particularly important to prevent negative impact caused by unstable bond portfolio flows during the crises.","PeriodicalId":11410,"journal":{"name":"Econometric Modeling: Capital Markets - Risk eJournal","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2020-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Please Mind the Spread. Impact of Sovereign Default Risk on Bond Portfolio Flows of Emerging Asian Economies during COVID-19 Pandemic\",\"authors\":\"J. o, W. Wan\",\"doi\":\"10.2139/ssrn.3711145\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper examines the impact of COVID-19 pandemic on bond portfolio flows in Asian emerging market economies. We show that the outbreak of COVID-19 pandemic magnified the impact of sovereign default risk on bond portfolio outflows, it also leaded to a higher volatility of bond portfolio flows in longer term. This finding suggests that proper sovereign credit risk management might be particularly important to prevent negative impact caused by unstable bond portfolio flows during the crises.\",\"PeriodicalId\":11410,\"journal\":{\"name\":\"Econometric Modeling: Capital Markets - Risk eJournal\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-10-15\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Econometric Modeling: Capital Markets - Risk eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3711145\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Econometric Modeling: Capital Markets - Risk eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3711145","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Please Mind the Spread. Impact of Sovereign Default Risk on Bond Portfolio Flows of Emerging Asian Economies during COVID-19 Pandemic
This paper examines the impact of COVID-19 pandemic on bond portfolio flows in Asian emerging market economies. We show that the outbreak of COVID-19 pandemic magnified the impact of sovereign default risk on bond portfolio outflows, it also leaded to a higher volatility of bond portfolio flows in longer term. This finding suggests that proper sovereign credit risk management might be particularly important to prevent negative impact caused by unstable bond portfolio flows during the crises.
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