This paper estimates the impact of foreign participation in determining long-term local currency government bond yields … show that greater foreign participation in the domestic government bond market tends to significantly reduce long …-term government yields. Moreover, greater foreign participation does not necessarily result in increased volatility in bond yields in …

This paper examines the benefits from hedging the currency exposure of international investments in single- and multi …-country equity and bond portfolios from the perspectives of German, Japanese, British and American investors. Over the period 1975 to … 2009, hedging of currency risk substantially reduced the volatility of foreign investments at a quarterly investment …

, whereas capital flows induced by foreign investors’ transactions in government bond markets do not. We relate these … investors in the stock, bond, and onshore FX markets of Thailand. …