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The international transmission of risk : causal relations among developed and emerging countries' term premia

Juan Andrés
Espinosa-Torres
José Eduardo
Gómez-González
Luis Fernando
Melo-Velandia
José Fernando
Moreno-Gutiérrez
Domingo, 1 Marzo 2015

We study the effect of shocks to the United States government bonds term premium on Latin American government bonds term premia. For doing so, we compute dynamic multipliers. Our main findings indicate that Latin American countries' term premia respond pe