Structural change in bond market of brics countries an empirical analysis
International Journal of Development Research
Structural change in bond market of brics countries an empirical analysis
Received 19th July, 2017; Received in revised form 24th August, 2017; Accepted 07th September, 2017; Published online 10th October, 2017
Copyright ©2017, Dr. Vijay Kumar. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The study is designed to analyze the bond yield rate and their volatility of BRICS nations. The abbreviation BRICS stands form Brazil, Russia, India, China and South Africa. Each country has their different bond or debt market. Monthly data from May 2007 to January 2017 is used in the following research study. Granger causality test showing causality relationship among bond market of various BRICS nations is used to check the causality relationship. The following research paper also indicates how these bond markets are integrated with each other. Data of various market have been collected from the secondary sources such as from their original bond market websites and some other sources also i.e. investing.com to analyze the pattern of bond market movement of BRICS country.
