On the Efficiency of Sovereign Bond Markets

  title={On the Efficiency of Sovereign Bond Markets},
  author={L. Zunino and A. F. Bariviera and M. Guercio and Lisana B. Martinez and O. Rosso},
  journal={Development Economics: Macroeconomic Issues in Developing Economies eJournal},
The existence of memory in financial time series has been extensively studied for several stock markets around the world by means of different approaches. However, fixed income markets, i.e. those where corporate and sovereign bonds are traded, have been much less studied. We believe that, given the relevance of these markets, not only from the investors’, but also from the issuers’ point of view (government and firms), it is necessary to fill this gap in the literature. In this paper, we study… Expand
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