Dynamics, Volatilities and Properties ofAsia-Pacific Government Bond Yields:Implications for Economic Development
We study the dynamics, volatilities and properties of the series of government bond yields of ten Asia-Pacific countries with seven ARCH/GARCH models. The main findings have the following implications: 1) regional government bond markets cannot be treated as a single bloc; 2) non-integrated markets generate tradeoffs for economic development between policy coordination and the diversification and hedging of risks; 3) markets punish “bad news”; 4) the persistence of volatility and uncertainty characterizes many markets; and 5) the capacity of government bonds to achieve development goals was unevenly distributed and, in several cases, constrained among the countries. The study uses daily data for the period from January 1st, 2014 to April 6th, 2026.
Authors
- Antonio Ruíz-Porras (ORCID: https://orcid.org/0000-0003-4184-0850)
- Huentli Yolotli Suárez Espinosa (ORCID: https://orcid.org/0000-0002-4774-8732)
Institutions
- Universidad de Guadalajara (MX)
Publication Details
- Journal
- China Global Review.
- Published
- 2026-11-11
- DOI
- https://doi.org/10.53897/revchinagr.2026.08.08
- Primary Topic
- Financial Risk and Volatility Modeling
- Type
- article
- Field-Weighted Citation Impact
- 0.00