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Exchange rate dynamics and United States dollar-denominated sovereign bond prices in emerging markets

Hui, Cho H.; Lo, Chi-fai; Chau, Po-hon - 2017

The study conducts an empirical test on dollar-denominated sovereign credit spreads in emerging markets, including Brazil, Colombia, Mexico, the Philippines, the Russian Federation, and Turkey to examine their relationship with each country's exchange rate and the United States (US) Treasury...

Persistent link: https://www.econbiz.de/10011756971

Developing local currency bond markets in Asia

Park, Cyn-Young - 2016

Local currency bond markets in emerging Asian economies have expanded dramatically since governments took steps to end the currency and maturity mismatches that savaged borrowers in the region's financial crisis nearly 20 years ago. Encouraged in part by regional cooperation programs such as the...

Persistent link: https://www.econbiz.de/10011579577

Global Bitcoin Markets and Local Regulations

Park, Cyn-Young; Tian, Shu; Zhao, Bo - 2020

Since the launch of Bitcoin in 2009, the spectacular rise and fall of cryptocurrencies and the underlying blockchain technology have attracted global attention. While the application of distributed ledger technology presents great economic and business potential, significant volatility and...

Persistent link: https://www.econbiz.de/10012152539

Skewed credit and growth dynamics after the global financial crisis

Estrada, Gemma; Erce, Aitor; Park, Donghyun; Rojas, Juan A. - 2018

evidence suggests otherwise. We contribute to the finance-growth literature by examining the role of credit growth skewness and … long-run growth. Earlier literature found that credit growth skewness is negatively associated with economic growth. We … skewness and growth, the relationship is more nuanced than previously thought. We find that the beneficial effects from lower …

Persistent link: https://www.econbiz.de/10011913754