Colombian paper analyses relationship between term premia in US and Latin America
Study analyses term premia in the US, Brazil, Colombia, Mexico and Peru
The term premia of government bonds issued by countries in Latin America "respond permanently" to changes in the United States equivalent, though Mexico exhibits the "lowest responses" of those studied in a working paper published today by the Central Bank of Colombia.
In The international transmission of risk: causal relations among developed and emerging countries' term premia, Juan Andrés Espinosa-Torres, Jose Gomez-Gonzalez, Luis Fernando Melo-Velandia and José Fernando Moreno-Gutiérrez
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