Investors have increasingly allocated assets to emerging markets in the past decade. This primarily took the form of investment in the sovereign debt of, and stocks based in, these countries. As these markets have evolved, sub-components have emerged as viable investment options. This includes a...

This paper develops a simple theory of the supply of index bonds by a firm, and uses that model to examine in some detail possible reasons for the non-existence of privately issued index bonds in the United States. The major elements of the theory involve the trade-off between the tax advantages...