financial markets, especially in the case of the international bond market. A further successful liberalization of the Chinese … bond market would encompass not only loosening bond market regulations, but also further developing of other markets …

This paper reviews the role of benchmark-driven investments in EM local bond markets. We provide an overview of how key … EM bond benchmark indices are constructed, how they affect the behavior of investment funds, and what are the likely … against widely followed EM local-currency bond indices have risen fivefold since the mid-2000s to around $300 billion. Our …

, with the process interrupted by crises and global volatility. Cross-border equity and bond holdings have also increased …

. Earlier in the crisis, the increase in market-implied contagion led to higher Asian sovereign bond yield spreads over swaps …

that the extent to which fiscal variables affect domestic bond yields in emerging economies depends on the level of global … domestic bond yields in emerging economies. However, when market participants are on edge, they pay greater attention to …

, Japanese, and UK government bond and equity markets in a vector autoregression. The results suggest that U.S. financial shocks … reverberate around the world much more strongly than shocks from other regions, including the Euro area, while inward spillovers …

African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries … corporate bond markets in Africa. It then applies an econometric model to analyze the key determinants of African government … securities market and corporate bond market capitalization. Government securities market capitalization is directly related to …

sovereign bonds during 32 crises since 1998, taking into account losses from bond exchanges as wellas profits before and after …