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Government bonds and their investors : what are the facts and do they matter?
Andritzky, Jochen R. - 2012
government bond markets. The financial crisis broke this trend. Domestic financial institutions allocated a larger share of …
Persistent link: https://www.econbiz.de/10009618531
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The Impact of Derivatives Collateralization on Liquidity Risk: Evidence from the Investment Fund Sector
Jukonis, Audrius - 2024
Stricter derivative margin requirements have increased the demand for liquid collateral, but euro area investment funds, which use derivatives extensively, have been reducing their liquid asset holdings. Using transaction-by-transaction derivatives data, we assess whether the current levels of...
Persistent link: https://www.econbiz.de/10015058700
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Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers
Lindner, Peter - 2023
to provide issuers and other stakeholders with a comprehensive view of the ESG bond marketplace …
Persistent link: https://www.econbiz.de/10015059620
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Green Bond Pricing and Greenwashing under Asymmetric Information
Schmittmann, Jochen M. - 2022
We analyze the corporate green bond market under a rational framework without an innate green preference, using a …, false or exaggerated claims of being green. The extent of greenwashing in the market is a function of the green bond premium …. A swift and gradual implementation of carbon pricing generates a small green bond premium and a low level of …
Persistent link: https://www.econbiz.de/10015059920
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Taxing Financial Transactions; An Assessment of Administrative Feasibility
Brondolo, John - International Monetary Fund (IMF) - 2011
This paper considers how a tax on financial transactions could be applied to three broad and partially overlapping categories of financial instruments: (1) exchange-traded instruments; (2) over-the-counter instruments; and, (3) foreign exchange instruments. For each category, the paper examines...
Persistent link: https://www.econbiz.de/10009203525
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Financing Infrastructure in India; Macroeconomic Lessons and Emerging Market Case Studies
Walsh, James P; Yu, Jiangyan; Park, Chanho - International Monetary Fund (IMF) - 2011
Driving infrastructure development, notably mobilizing financial resources for infrastructure projects, has been challenging in many countries. This study includes two parts: an empirical analysis of macroeconomic risks associated with infrastructure booms, and a case study of four emerging...
Persistent link: https://www.econbiz.de/10009203552
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Finance Vaccine Equity: Funding for Day-Zero of the Next Pandemic
Agarwal, Ruchir - 2022
A lack of timely financing for purchases of vaccines and other health products impeded the global response to the COVID-19 pandemic. Based on analysis of contract signature and delivery dates in COVID-19 vaccine advance purchase agreements, this paper finds that 60-75 percent of the delay in...
Persistent link: https://www.econbiz.de/10015060407
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Herd Behavior in Financial Markets
Cipriani, Marco - 2008
We study herd behavior in a laboratory financial market with financial market professionals. We compare two treatments, one in which the price adjusts to the order flow so that herding should never occur, and one in which event uncertainty makes herding possible. In the first treatment, subjects...
Persistent link: https://www.econbiz.de/10012677606
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Analysis of the Yield on Foreign Exchange Bearer Certificates : Rationality and Financial Behavior in Pakistan
Abdel-Motaal, Karim - 1994
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014409370
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Sovereign risk and asset and liability management : conceptual issues
Das, Udaibir S.; Lu, Yinqiu; Papaioannou, Michael G.; … - 2012
Country practices towards managing financial risks on a sovereign balance sheet continue to evolve. Each crisis period, and its legacy on sovereign balance sheets, reaffirms the need for strengthening financial risk management. This paper discusses some salient features embedded in in the...
Persistent link: https://www.econbiz.de/10009659824