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% year-on-year while the CPI of euro area increased by 5% year-on-year. In China, the CPI increased by 2.3% year-on-year, the …
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China has become the world's third largest outward investor, behind the United States and Japan. A growing body of … literature suggests that China's regulatory framework for outward foreign direct investment (OFDI) is a determinant of the … improvement. Overall, China's framework serves two objectives: to help Chinese firms become more competitive internationally and …
Persistent link: https://www.econbiz.de/10012938226
After overtaking Japan as the world's largest holder of foreign exchange reserves in February 2006, China saw its … foreign exchange reserves grow to $2,131.6bn by end-June 2009. Currently some 70% of China's foreign exchange reserves are … of US Treasuries ($776.4bn) as of end-June 2009.China's foreign exchange reserves are managed by the State Administration …
Persistent link: https://www.econbiz.de/10013147097
Gauging foreign (domestic) biases as the deviation of foreign (domestic) investors' actual portfolio allocation of a 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...
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This paper examines the impact of foreign participation in Korean Treasury Bond (KTB) futures and its role in price discovery for KTBs, using daily transactions data from the over-the-counter market for KTBs and from the Korea Exchange for the futures. Our analysis suggests that foreign trading...
Persistent link: https://www.econbiz.de/10010519526
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Foreign investors play a key role in EME sovereign bond markets, in part because their portfolio flows are sensitive to bond returns and are therefore pro-cyclical in nature. This note discusses the implications of the framework proposed by So et al. (2019) which incorporates the risk that...
Persistent link: https://www.econbiz.de/10012869450