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Persistent link: https://www.econbiz.de/10009688178
bond market from the same bond market's weight in global bond market, we investigate the determinants of foreign and … domestic investment biases in 41 global bond markets. We find that foreign investors significantly overweigh markets that offer …. Such return driven behavior of foreign investors is especially pronounced in emerging bond markets. Meanwhile, home bias is …
Persistent link: https://www.econbiz.de/10011791937
banks and local-based institutions ahead of Brazil's 2002 presidential elections. That period was marked by a sudden stop in …
Persistent link: https://www.econbiz.de/10013066911
bond market from the same bond market's weight in global bond market, we investigate the determinants of foreign and … domestic investment biases in 41 global bond markets. We find that foreign investors significantly overweigh markets that offer …. Such return driven behavior of foreign investors is especially pronounced in emerging bond markets. Meanwhile, home bias is …
Persistent link: https://www.econbiz.de/10012917758
This paper investigates the factors explaining exchange market pressures (EMP) and the hoarding and use of international reserves (IR) by emerging markets during the 2000s, as the Great Moderation turned to the 2008-9 global crisis and great recession. According to our results, both financial...
Persistent link: https://www.econbiz.de/10008688979
This paper investigates the factors explaining exchange market pressures (EMP) and the hoarding and use of international reserves (IR) by emerging markets during the 2000s, as the Great Moderation turned to the 2008-9 global crisis and great recession. According to our results, both financial...
Persistent link: https://www.econbiz.de/10008699014
We examine the role of local currency bond markets (LCBMs) and foreign investor participation in these markets in …
Persistent link: https://www.econbiz.de/10013222008
There has been renewed advocacy for restrictions on international financial flows in the wake of the recent financial crisis. Motivated by this trend, we explore the extent to which cross-border flows affect real economic activity. Unlike previous research efforts that focus on aggregated...
Persistent link: https://www.econbiz.de/10013089660
nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …
Persistent link: https://www.econbiz.de/10012843191
We empirically characterize how China is internationalizing the Renminbi by selectively opening up its domestic bond … foreign investors, China has recently allowed major increases in foreign investment in its domestic bond market. China … market and propose a dynamic reputation model to understand China's internationalization strategy. While previously closed to …
Persistent link: https://www.econbiz.de/10013295962