This paper examines the co-movement dynamics of ten emerging and four frontier government bond markets with the US market and driving forces behind the time-varying co-movement. Using the Dynamic Conditional Correlation (DCC) bivariate GARCH framework, we first analyze dynamic correlation...

This study examines the spillover effects of home country institutional and cultural characteristics on the subsidiaries operating in France while they are in the process of making capital structure choices and debt maturity choices. We document that while subsidiaries financing choices are...

We investigate correlation dynamics and diversification properties of US dollar-denominated debt issued by governments of frontier markets. Our analysis is on the aggregate, regional, and country level, with a sample covering 29 countries over the period 2001-2013. We show that the correlation...