Burger, John D.; Warnock, Francis E. - Federal Reserve Board (Board of Governors of the … - 2003
local bond market development and in turn attract global investors, in part by promoting the development of derivative …This paper has two main goals: to analyze country allocations in international bond portfolios and to describe the … development of bond markets around the world. In the primary analysis, we find that country weights in U.S. investors' foreign …