CHARACTERISTICS OF THE FORMATION OF THE YIELD CURVE ON GOVERNMENT SECURITIES

Authors

  • Khakimjon Khakimov

DOI:

https://doi.org/10.47390/SPR1342V3SI9Y2023N18

Keywords:

yield curve, government securities, economic policy coordination, financial stability, sustainable economic growth, emerging economies.

Abstract

The article examines in detail the state of formation of the yield curve of government securities in the coordination of fiscal and monetary policy in Uzbekistan. First, a thorough analysis of the problem is carried out, where the main factors that determine the yield curve and affect it are studied.

References

Radeef Chundakkadan and Subash Sasidharan,. 2019. Liquidity pull-back and predictability of government security yield volatility. Economic Modelling, Volume 77, Pages 124-132, ISSN 0264-9993.

Tadashi Endo,. 2022. Endogenous market development for government securities in lower-income economies. Emerging Markets Review, Volume 50, 100844, ISSN 1566-0141, https://doi.org/10.1016/j.ememar.2021.100844.

James, Jessica, and Nick Webber. (2000). Interest rate modelling (Vol. 20). Chichester, UK: John Wiley & Sons.

Hagan, Patrick S., and Graeme West. (2006). Interpolation methods for curve construction. Applied Mathematical Finance, 13(2), 89-129.

Andersen, Leif, and Vladimir V. Piterbarg. (2010). Interest Rate Modeling Volume III: Products and Risk Management.

N. Anderson, F. Breedon, M. Deacon, A. Derry and M. Murphy. (1996). Estimating and interpreting the yield curve (Vol. 6). John Wiley & Sons Incorporated.

Гамбаров Г.М., Шевчук И.В., Балабушкин А.Н., Никитин А.В. Кривая бескупонной доходности на рынке ГКО-ОФЗ // Рынок ценных бумаг. 2005. № 3. С. 68–77.

Published

2024-01-12

How to Cite

Khakimov, K. (2024). CHARACTERISTICS OF THE FORMATION OF THE YIELD CURVE ON GOVERNMENT SECURITIES. Ижтимоий-гуманитар фанларнинг долзарб муаммолари / Актуальные проблемы социально-гуманитарных наук / Actual Problems of Humanities and Social Sciences., 3(S/9). https://doi.org/10.47390/SPR1342V3SI9Y2023N18