Author Archives | Aleksandar.Vasilev

Analysis of Sovereign Yield Spreads Behavior: The French Bonds Case

The introduction of the Euro has led to price level stability and fostered growth within the European Union. Consequently, since its launch as a store of value and unit of account, there has been a clear convergence between the yield of France’s sovereign debt and German benchmark. This paper tries to estimate the effect of certain macroeconomic fundamentals on the yield spread of French 10-year bonds, relative to the German Bund of the same maturity for the period January 1999-March 2003. It reaches the conclusion that staying in line with Maastricht criteria decreases the risk premium of external debt.

  Analysis of Sovereign Yield Spreads Behavior: The French Bonds Case (680.8 KiB, 1,184 hits)

Posted in Economics, Knowledge Management, Volume V, Issue no. 3Comments Off on Analysis of Sovereign Yield Spreads Behavior: The French Bonds Case

Is There an Environmental Kuznets Curve: Empirical Evidence in a Cross-section Country Data

This paper tests the effect of gross domestic product (GDP) per capita on pollution,
measured by carbon dioxide (CO2) emissions per capita. World Bank 1992 study claims that pollution
rises with income, but at a slower and slower speed and eventually declines. Using Ordinary Least
Squares estimation procedure, we find a quadratic relationship (“inverted U-hypothesis”) between CO2
emissions per capita and GDP per capita in a cross-section of world countries with data from 2000,
thus proving the existence of Environmental Kuznets Curve. The result is important because it may
have important policy implications.

  Is There an Environmental Kuznets Curve: Empirical Evidence in a Cross-section Country Data (194.3 KiB, 1,761 hits)

Posted in Economics, Volume V, Issue no. 2Comments Off on Is There an Environmental Kuznets Curve: Empirical Evidence in a Cross-section Country Data