Suchergebnisse

This paper introduces Mongolian Government external and domestic bond issuance since 1990's and its impact on Government debt and possible risks, based on the statistics. The National Statistics Office (NSO), Ministry of Finance (MOF), Bank of Mongolia (BOM) and Mongolian Stock Exchange (MSE) were the data providers for the research. The study revealed that the country is under great risk of external debt burden, which would cause economic recession.

In original publisher's binding. ; A reprint of J.T. Trowbridge's novel Coupon bonds, with marginal annotations describing the investment company of George P. Bissell & Co., as well as short sketches of Grand Rapids, Mich., and Indianapolis and Evansville, Ind. ; Includes photographs of: Marion County Courthouse, Indianapolis, Ind., Washington St., Indianapolis, Ind., U.S. Custom House and Post Office, Evansville, Ind., First St. (looking west), Evansville, Ind. ; Mode of access: Internet.

AbstractRecent studies have indicated that government bonds are an imperfect substitute for money in providing transaction services. Based on these studies, this article develops a theoretical framework showing that, as with money seigniorage, the government can gain an interest benefit from issuing government bonds. The article terms this interest benefit as 'government bond seigniorage'. Further, the article estimates government bond seigniorage in comparison with money seigniorage for five countries (Australia, Canada, France, Italy and the United States) during the period 1959–2001. It is found that government bond seigniorage accounts for a larger percentage of Gross Domestic Product than money seigniorage, but also experiences greater fluctuations for all sample countries.

Is there asymmetry in the distribution of government bond returns in developed countries? Can asymmetries be predicted using financial and macroeconomic variables? To answer the first question, we provide evidence for asymmetry in government bond returns