This paper investigates whether government policy can speed up the tipping process in the creation of benchmark bonds. The authors (Remolona and Yetman) examine four emerging market economies in Asia where authorities have actively fostered benchmark bonds – Indonesia, Malaysia, the...

By applying the newly developed nonlinear stationary test advanced by Kapetanois et al. [Journal of Econometrics 112 (2003) 359 - 379] in examining the stationary property of 11 Asian real exchange rates, this paper rejects unit root in 8 US dollar based and 6 Japanese yen based rates, whereas...