What Drives Government Security Yields in Developing Countries? Evidence from the Countries in the West African Economic and Monetary Union (WAEMU)
Journal Title: Journal of Economics and Business - Year 2019, Vol 2, Issue 2
Abstract
The purpose of this study is to analyze the determinants of government security yields in relation to the recent development of WAEMU government securities market. The determinants are grouped into three categories of factors; namely macroeconomic factors, microstructure factors, and the external factors. The results show that economic growth rate, as well as countries capacity to effectively organize government securities issuances, are the main drivers of government securities yields. The policy implication of the study is that WAEMU countries should monitor their economic performance and implement structural reforms in order to maintain sustained economic growth.
Authors and Affiliations
Issoufou Soumaila
Keywords
Related Articles
- EP ID EP598000
- DOI 10.31014/aior.1992.02.02.96
- Views 42
- Downloads 0
Position Paper of Suggested Paradigm of the Know–How Gap between University and Industry inside Arab Countries – Researchers on the Horns of a Dilemma
The relationship between researches and industries in many Arab countries is characterized by a great deal of ambiguity and negativity. These characteristics create a big gap, especially in the transfer of Know-how. This...
How to Predict Financial Distress in the Wholesale Sector: Lesson from Indonesian Stock Exchange
Financial distress is a stage of decline in financial conditions experienced by a company before going bankrupt. This phenomenon in Indonesia in recent years since 2016 shows more and more companies are experiencing bank...
The Role of Macroprudential Policy Instruments on Credit Distribution in Indonesia
One of the objectives of the macroprudential policy instrument is to reduce the procyclicality of bank credit growth. This study aims to analyze the Bank Indonesia macroprudential policy in controlling property loans. Th...
Capital Structure and Corporate Performance of Selected Firms on the Nigerian Stock Exchange
The capital structure of a firm is very important to the firm's successful operation. The objective of the study was to analyze the effects of Capital Structure on Corporate Performance of selected firms on the Nigerian...
Circular Economy: The Beauty of Circularity in Value Chain
Thought of Circular economy (CE) or circularity is widely accepted by corporations, academics and social & environmental concern individuals and organizations that create new opportunities & challenges to adapt and pract...