sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and swap market frictions. A …, which is more pronounced for higher maturities and when risk aversion proxied by bond market volatility is high. Going … forward, we expect German government debt supply to remain scarce, with important implications for the ECB's monetary policy …

An analysis of mutual-fund-level flow data into EM bond and equity markets confirms that different types of funds … behave differently. Bond funds are more sensitive to global factors and engage more in return chasing than equity funds …

that the debtor approach to bond interest conforms with the 1993 SNA recording income and other benefits from assets, as …

how movements in covered bond prices can be used to analyze the credit developments of the underlying issuer and the …The rapid mortgage credit growth experienced in recent years in mature and emerging countries has raised some stability … concerns. Many European credit institutions in mature markets have reacted by increasing securitization, particularly via …

interest-rate derivative markets, and their use by governments. Their stabilizing properties imply that, when bond prices fall …

systematic deviations (high peak, fat tail) and double exponential (for credit risk). Market equilibrium is regarded as a dynamic …

currency and reduce net exports. Emerging market policy makers however believe that inflows lead to credit booms and rising …

Green debt markets are rapidly growing while product design and standards are evolving. Many policymakers and investors … view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure … the pricing of climate risks. Our analysis contributes to the nascent literature on the environmental impact of green debt …

fundamentals and/or external variables-have contributed to the surge in external bond issuance by these LICs, which we refer to in … our paper as 'frontier economies'. Using data on public and publicly guaranteed (PPG) external bond issuance, outstanding … PPG bond stock, as well as sovereign spreads, we employ panel data analysis to examine factors related to the increase in …

Emerging economies in the post-crisis period increasingly saw portfolio debt inflows from a type of large international … investment fund: Multi-Sector Bond Funds (MSBFs). These investors have lacked adequate representation in the literature. This …. Exploiting this data, the paper assesses the risks they pose to the financial stability of specific emerging bond markets. The …