We analyse the positions of individual countries within the EURO bond market by a two-stage nonparametric regression model and provide a nonparametric bootstrap test. We assume the individual yield curves as a sum of common and country-specific effects.
We analyse the positions of individual countries within the EURO bond market by a two-stage nonparametric regression model and provide a nonparametric bootstrap test. We assume the individual yield curves as a sum of common and country-specific effects. (en)