Positive asymmetric information in volatile environments: The black market dollar and sovereign bond yields in Venezuela

Julio Sarmiento-Sabogal, Edgardo Cayon, María Collazos and Juan S. Sandoval

Research in International Business and Finance, 2017, vol. 41, issue C, 547-555

Abstract: We test the informational efficiency of Venezuelan USD sovereign bond yields when the black market exchange-rate premium (BMERP) changes.

Keywords: Venezuela; Sovereign bonds; Black markets exchange rate (search for similar items in EconPapers)
JEL-codes: F31 G10 G18 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0275531916304160
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:41:y:2017:i:c:p:547-555

DOI: 10.1016/j.ribaf.2017.04.047

Access Statistics for this article

Research in International Business and Finance is currently edited by T. Lagoarde Segot

More articles in Research in International Business and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().