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Portfolio flows to emerging markets (EMs) tend to be correlated. A possible explanation is the role global benchmarks play in allocating capital internationally, the so-called 'benchmark effect.' This paper finds that benchmark-driven investors indeed play a large role in a key segment of the...
Persistent link: https://www.econbiz.de/10011445830
This paper proposes an approach to track US$1 trillion of emerging market government debt held by foreign investors in local and hard currency, based on a similar approach that was used for advanced economies (Arslanalp and Tsuda, 2012). The estimates are constructed on a quarterly basis from...
Persistent link: https://www.econbiz.de/10014411133
Persistent link: https://www.econbiz.de/10010359857
from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on …
Persistent link: https://www.econbiz.de/10009678886
from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on … Base Estimates -- A. Overview -- B. Estimation Methodology for Each Investor Type -- C. Robustness Checks and Adjustments … Consolidated Basis for Non-European Countries, end-2011 -- 4. Valuation of Debt Securities in Various Databases -- 5. Estimation of …
Persistent link: https://www.econbiz.de/10012690158
from euro periphery countries have received wide attention, most sovereign borrowers have continued to increase reliance on …
Persistent link: https://www.econbiz.de/10014395524